Quantbot Technologies LP increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 511.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,902 shares of the technology company's stock after buying an additional 17,486 shares during the period. Quantbot Technologies LP's holdings in The Descartes Systems Group were worth $2,374,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in The Descartes Systems Group in the 4th quarter valued at about $43,000. Trust Co. of Vermont acquired a new position in The Descartes Systems Group during the 4th quarter valued at about $54,000. GAMMA Investing LLC increased its holdings in The Descartes Systems Group by 4,950.0% during the 4th 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, Allworth Financial LP raised its stake in shares of The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after purchasing an additional 182 shares during the last quarter. 77.73% of the stock is owned by institutional investors.
The Descartes Systems Group Stock Performance
The Descartes Systems Group stock traded down $1.96 during mid-day trading on Thursday, reaching $101.63. The company's stock had a trading volume of 249,038 shares, compared to its average volume of 193,069. The firm's fifty day moving average price is $111.17 and its two-hundred day moving average price is $110.31. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31. The company has a market capitalization of $8.70 billion, a P/E ratio of 63.92 and a beta of 0.99.
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 earnings per share for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $167.50 million during the quarter, compared to analysts' expectations 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, research analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently issued reports on DSGX shares. TD Securities lifted their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Loop Capital began coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price for the company. Stephens dropped their price target on shares of 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. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets dropped 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 investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.50.
Get Our Latest Stock Analysis on The Descartes Systems Group
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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