Vista Finance LLC bought a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,916 shares of the technology company's stock, valued at approximately $331,000.
A number of other hedge funds also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its stake in shares of The Descartes Systems Group by 104.5% in the fourth quarter. Vontobel Holding Ltd. now owns 430,016 shares of the technology company's stock valued at $48,819,000 after purchasing an additional 219,736 shares during the period. Legato Capital Management LLC boosted its holdings in shares of The Descartes Systems Group by 8.0% in the fourth quarter. Legato Capital Management LLC now owns 11,019 shares of the technology company's stock valued at $1,252,000 after acquiring an additional 813 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of The Descartes Systems Group by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 665,134 shares of the technology company's stock valued at $75,498,000 after buying an additional 102,208 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in The Descartes Systems Group during the 4th quarter worth approximately $224,000. Finally, Stephens Investment Management Group LLC grew its position in The Descartes Systems Group by 9.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company's stock valued at $23,762,000 after buying an additional 18,233 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
DSGX traded down $0.14 during mid-day trading on Wednesday, reaching $114.73. The stock had a trading volume of 206,662 shares, compared to its average volume of 228,999. The stock has a market capitalization of $9.82 billion, a P/E ratio of 72.16 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $124.31. The firm's fifty day simple moving average is $115.99 and its two-hundred day simple moving average is $109.13.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $0.31 EPS. As a group, analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on DSGX shares. Royal Bank of Canada increased their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, November 29th. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their target price on shares of 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. TD Securities boosted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Scotiabank raised their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and a consensus price target of $117.92.
Get Our Latest Stock Analysis 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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