Reynders McVeigh Capital Management LLC boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,330 shares of the technology company's stock after purchasing an additional 4,000 shares during the period. Reynders McVeigh Capital Management LLC owned 0.06% of The Descartes Systems Group worth $5,604,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group during the 4th quarter worth $43,000. Jane Street Group LLC boosted its holdings in The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after purchasing an additional 2,250 shares in the last quarter. Barclays PLC increased its position in The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock worth $1,031,000 after buying an additional 270 shares during the last quarter. Canoe Financial LP bought a new position in The Descartes Systems Group during the fourth quarter valued at about $7,939,000. Finally, Geode Capital Management LLC lifted its position in shares of The Descartes Systems Group by 10.7% in the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company's stock worth $50,277,000 after buying an additional 46,523 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Trading Up 1.0 %
Shares of DSGX stock opened at $101.74 on Friday. 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 $8.71 billion, a P/E ratio of 63.99 and a beta of 0.97. The stock has a 50 day moving average of $106.10 and a two-hundred day moving average of $110.18.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million during 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%. Sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on DSGX. CIBC lowered their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock 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 issued a "buy" rating and a $140.00 price target on the stock. Barclays reduced their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets cut their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.50.
Read 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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