SG Americas Securities LLC grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,214 shares of the technology company's stock after purchasing an additional 3,267 shares during the period. SG Americas Securities LLC's holdings in The Descartes Systems Group were worth $1,388,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of DSGX. Conestoga Capital Advisors LLC grew its stake in shares of The Descartes Systems Group by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock valued at $326,238,000 after buying an additional 52,485 shares in the last quarter. Fiera Capital Corp grew its holdings in The Descartes Systems Group by 0.8% during the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock valued at $265,692,000 after purchasing an additional 19,817 shares in the last quarter. Geneva Capital Management LLC increased its stake in The Descartes Systems Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company's stock worth $152,037,000 after buying an additional 19,002 shares during the period. Franklin Resources Inc. lifted its holdings in The Descartes Systems Group by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock worth $142,693,000 after buying an additional 40,807 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in The Descartes Systems Group by 389.8% in the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock valued at $71,911,000 after buying an additional 556,408 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
The Descartes Systems Group stock traded up $1.10 on Tuesday, reaching $117.65. The company's stock had a trading volume of 351,527 shares, compared to its average volume of 191,784. The Descartes Systems Group Inc. has a twelve month low of $84.12 and a twelve month high of $122.88. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 73.99 and a beta of 0.99. The business's fifty day moving average price is $116.08 and its 200 day moving average price is $107.19.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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 note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price on the stock. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Wednesday, January 15th. Royal Bank of Canada raised their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, November 29th. TD Securities increased their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets upped their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Five equities research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.92.
Check Out Our Latest Report on The Descartes Systems Group
The Descartes Systems Group Company 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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