Raymond James & Associates cut its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,698 shares of the technology company's stock after selling 5,249 shares during the quarter. Raymond James & Associates owned about 0.12% of The Descartes Systems Group worth $10,162,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new position in shares of The Descartes Systems Group during the first quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. grew its position in The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company's stock worth $45,000 after buying an additional 429 shares during the period. Park Place Capital Corp grew its position in The Descartes Systems Group by 48.5% during the first quarter. Park Place Capital Corp now owns 671 shares of the technology company's stock worth $61,000 after buying an additional 219 shares during the period. Intact Investment Management Inc. acquired a new position in The Descartes Systems Group during the second quarter worth about $61,000. Finally, Blue Trust Inc. grew its position in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after buying an additional 587 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Trading Up 1.7 %
NASDAQ DSGX traded up $1.81 during trading hours on Tuesday, reaching $107.34. 88,757 shares of the company traded hands, compared to its average volume of 151,106. The Descartes Systems Group Inc. has a 12 month low of $70.04 and a 12 month high of $108.02. The stock has a market capitalization of $9.16 billion, a PE ratio of 75.89 and a beta of 0.97. The company has a 50 day moving average of $101.74 and a two-hundred day moving average of $98.27.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The company had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. During the same quarter last year, the company earned $0.32 earnings per share. The company's revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Scotiabank upped their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a research report on Thursday, October 24th. National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Wednesday, September 25th. BMO Capital Markets upped their price target on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a "market perform" rating in a report on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the company a "buy" rating in a research note on Thursday, September 5th. Finally, National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an "outperform" rating in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.17.
Get Our Latest Analysis on The Descartes Systems Group
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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