Homestead Advisers Corp lowered its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,970 shares of the technology company's stock after selling 8,700 shares during the quarter. Homestead Advisers Corp owned 0.08% of The Descartes Systems Group worth $7,949,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group during the fourth quarter valued at approximately $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group during the 4th quarter worth approximately $54,000. GAMMA Investing LLC grew its position in shares of The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after acquiring an additional 495 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $57,000. 77.73% of the stock is owned by hedge funds and other institutional investors.
The Descartes Systems Group Price Performance
Shares of NASDAQ DSGX traded down $0.65 during midday trading on Monday, reaching $99.59. 100,448 shares of the company traded hands, compared to its average volume of 195,921. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 62.58 and a beta of 0.99. The stock has a 50-day moving average price of $110.36 and a 200 day moving average price of $110.33. The Descartes Systems Group Inc. has a 52 week low of $87.20 and a 52 week high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $169.97 million. As a group, analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have commented on DSGX. CIBC decreased their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. 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 objective for the company. Stephens cut their target price on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Scotiabank raised their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.50.
View Our Latest Research Report on DSGX
About The Descartes Systems Group
(
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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