George Kaiser Family Foundation bought a new position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 34,575 shares of the technology company's stock, valued at approximately $3,928,000. The Descartes Systems Group accounts for about 0.6% of George Kaiser Family Foundation's portfolio, making the stock its 9th biggest position.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in The Descartes Systems Group in the 4th quarter valued at approximately $126,918,000. Arrowstreet Capital Limited Partnership boosted its stake in The Descartes Systems Group by 114.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company's stock worth $136,175,000 after buying an additional 639,848 shares in the last quarter. National Bank of Canada FI increased its holdings in The Descartes Systems Group by 389.8% in the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock valued at $71,911,000 after buying an additional 556,408 shares during the period. Franklin Resources Inc. raised its stake in shares of The Descartes Systems Group by 23.9% in the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company's stock valued at $192,502,000 after buying an additional 326,643 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of The Descartes Systems Group by 104.5% during the 4th quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company's stock worth $48,819,000 after acquiring an additional 219,736 shares during the period. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
DSGX traded up $0.18 during trading on Monday, reaching $96.02. 414,431 shares of the company's stock were exchanged, compared to its average volume of 203,933. The company's fifty day moving average price is $108.55 and its 200-day moving average price is $110.48. The firm has a market capitalization of $8.22 billion, a PE ratio of 60.39 and a beta of 0.97. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on DSGX shares. Scotiabank boosted their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Loop Capital began coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price on the stock. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Barclays decreased their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $120.50.
Check Out Our Latest Research Report on The Descartes Systems Group
The Descartes Systems Group Profile
(
Free Report)
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.
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