GW&K Investment Management LLC lowered its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 601,962 shares of the technology company's stock after selling 11,990 shares during the quarter. GW&K Investment Management LLC owned about 0.70% of The Descartes Systems Group worth $68,383,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Conestoga Capital Advisors LLC grew its stake in shares of The Descartes Systems Group by 1.7% during 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 acquiring an additional 52,485 shares in the last quarter. Fiera Capital Corp grew its stake 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 holdings 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 purchasing an additional 19,002 shares during the last quarter. Franklin Resources Inc. raised its position in shares of 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 valued at $142,693,000 after purchasing an additional 40,807 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of The Descartes Systems Group by 389.8% during 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. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
The Descartes Systems Group Price Performance
Shares of DSGX traded down $1.18 during mid-day trading on Tuesday, hitting $108.88. The company's stock had a trading volume of 263,994 shares, compared to its average volume of 228,758. The firm has a 50-day moving average price of $115.06 and a 200 day moving average price of $110.10. The Descartes Systems Group Inc. has a fifty-two week low of $84.83 and a fifty-two week high of $124.31. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 68.48 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Scotiabank raised their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a report on Wednesday, December 4th. Stephens upgraded The Descartes Systems Group to a "strong-buy" rating in a research note on Saturday, February 1st. TD Securities upped their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. BMO Capital Markets boosted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Barclays raised The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $117.92.
Check Out Our Latest Stock Analysis on DSGX
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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