JPMorgan Chase & Co. increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 100.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,334 shares of the technology company's stock after buying an additional 63,236 shares during the period. JPMorgan Chase & Co. owned about 0.15% of The Descartes Systems Group worth $14,352,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group in the fourth quarter valued at approximately $43,000. Trust Co. of Vermont purchased a new position in The Descartes Systems Group in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC raised its holdings in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after purchasing an additional 495 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
NASDAQ:DSGX traded up $2.00 during mid-day trading on Tuesday, reaching $103.58. The stock had a trading volume of 301,889 shares, compared to its average volume of 208,173. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 65.14 and a beta of 0.97. The business has a 50 day simple moving average of $105.78 and a 200 day simple moving average of $110.22.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting analysts' consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Analysts Set New Price Targets
DSGX has been the topic of a number of recent analyst reports. Loop Capital assumed coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price on the stock. Barclays reduced their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Stephens dropped their price target on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Scotiabank boosted their price objective on 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. Finally, BMO Capital Markets lowered their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have given 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 a consensus target price of $119.50.
View Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Company Profile
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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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