Grandeur Peak Global Advisors LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,725 shares of the technology company's stock after purchasing an additional 8,900 shares during the quarter. The Descartes Systems Group makes up approximately 2.4% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 12th largest position. Grandeur Peak Global Advisors LLC owned about 0.28% of The Descartes Systems Group worth $27,245,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group during the fourth quarter worth $43,000. Jane Street Group LLC raised its holdings in shares of The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock valued at $1,368,000 after buying an additional 2,250 shares during the last quarter. Barclays PLC grew its stake in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after purchasing an additional 270 shares during the last quarter. Canoe Financial LP purchased a new position in The Descartes Systems Group during the fourth quarter worth about $7,939,000. Finally, Geode Capital Management LLC grew its stake in shares of The Descartes Systems Group by 23.0% during the 4th quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock worth $67,934,000 after purchasing an additional 110,329 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.
Analyst Upgrades and Downgrades
DSGX has been the subject of a number of recent research reports. Stephens dropped their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Loop Capital assumed coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. Scotiabank increased their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. CIBC reduced their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.50.
Read Our Latest Analysis on The Descartes Systems Group
The Descartes Systems Group Stock Up 2.0 %
Shares of DSGX traded up $2.00 during mid-day trading on Tuesday, hitting $103.58. 301,889 shares of the company's stock were exchanged, compared to its average volume of 208,347. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 65.14 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $88.44 and a twelve month high of $124.31. The firm has a fifty day moving average of $105.78 and a two-hundred day moving average of $110.22.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $167.50 million for 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%. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
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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