Quantum Capital Management LLC NJ purchased a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 131,701 shares of the technology company's stock, valued at approximately $14,961,000. The Descartes Systems Group comprises about 1.6% of Quantum Capital Management LLC NJ's portfolio, making the stock its 16th biggest holding. Quantum Capital Management LLC NJ owned about 0.15% of The Descartes Systems Group as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of The Descartes Systems Group by 14.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after acquiring an additional 108 shares during the period. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares during the period. Allworth Financial LP boosted its position in shares of The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after purchasing an additional 182 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in shares of The Descartes Systems Group by 1.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock valued at $2,677,000 after buying an additional 222 shares during the period. Finally, Barclays PLC increased its position in The Descartes Systems Group by 2.8% in the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after buying an additional 270 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Stock Performance
Shares of The Descartes Systems Group stock traded up $0.84 during mid-day trading on Wednesday, hitting $94.99. 127,375 shares of the stock were exchanged, compared to its average volume of 204,967. 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 50-day simple moving average of $107.23 and a 200 day simple moving average of $110.26. The company has a market capitalization of $8.13 billion, a P/E ratio of 59.77 and a beta of 0.97.
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 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Stephens cut their price target on 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. Loop Capital initiated coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price on the stock. CIBC decreased their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. BMO Capital Markets lowered their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $120.50.
Check Out Our Latest Stock Analysis 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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