Hillsdale Investment Management Inc. increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 192,650.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,100 shares of the technology company's stock after buying an additional 77,060 shares during the period. Hillsdale Investment Management Inc. owned about 0.09% of The Descartes Systems Group worth $8,754,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in The Descartes Systems Group during the 4th quarter valued at $269,000. Quantbot Technologies LP boosted its position in The Descartes Systems Group by 511.9% during the fourth quarter. Quantbot Technologies LP now owns 20,902 shares of the technology company's stock valued at $2,374,000 after purchasing an additional 17,486 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in The Descartes Systems Group by 962.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,093 shares of the technology company's stock valued at $1,828,000 after purchasing an additional 14,579 shares during the last quarter. Whittier Trust Co. grew its stake in The Descartes Systems Group by 52.0% in the fourth quarter. Whittier Trust Co. now owns 14,006 shares of the technology company's stock valued at $1,591,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in The Descartes Systems Group by 1.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock worth $2,677,000 after purchasing an additional 222 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.
The Descartes Systems Group Stock Performance
Shares of The Descartes Systems Group stock traded down $1.95 during trading on Wednesday, hitting $103.59. 283,897 shares of the company's stock were exchanged, compared to its average volume of 192,834. The Descartes Systems Group Inc. has a 52-week low of $87.20 and a 52-week high of $124.31. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 65.15 and a beta of 0.99. The business has a 50-day simple moving average of $111.17 and a 200-day simple moving average of $110.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The firm had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on DSGX shares. Royal Bank of Canada reduced their price objective on shares of The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. TD Securities upped their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. BMO Capital Markets lowered their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Stephens reduced their target price on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Finally, Loop Capital began coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target for the company. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and an average price target of $120.50.
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The Descartes Systems Group Company 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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