2 weeks Ago By Defense World Staff
Cerity Partners LLC grew its stake in shares of The Descartes Systems Group Inc. ( NASDAQ:DSGX – Free Report ) (TSE:DSG) by 44.9% in the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 3,497 shares of the technology company’s stock after acquiring an additional 1,084 shares during the period. Cerity Partners LLC’s holdings in The Descartes Systems Group were worth $392,000 at the end of the most recent quarter. Other large investors have also recently modified their holdings of the company.
Wells Fargo & Company MN raised its position in shares of The Descartes Systems Group by 42.9% in the 4th quarter. Wells Fargo & Company MN now owns 6,587 shares of the technology company’s stock worth $748,000 after acquiring an additional 1,977 shares in the last quarter.
Quantum Capital Management LLC NJ purchased a new position in The Descartes Systems Group in the fourth quarter valued at about $14,961,000. George Kaiser Family Foundation bought a new position in The Descartes Systems Group in the fourth quarter worth about $3,928,000. Nicolet Advisory Services LLC lifted its position in shares of The Descartes Systems Group by 11.
0% during the fourth quarter. Nicolet Advisory Services LLC now owns 6,088 shares of the technology company’s stock valued at $678,000 after buying an additional 603 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of The Descartes Systems Group by 146.
4% in the 4th quarter. Huntington National Bank now owns 1,067 shares of the technology company’s stock valued at $121,000 after buying an additional 634 shares in the last quarter. Hedge funds and other institutional investors own 77.
73% of the company’s stock. Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $130.
00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. 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.
CIBC lowered their price objective 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.
Scotiabank upped their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 26th.
Finally, BMO Capital Markets lowered their price target on 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 analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.50.
The Descartes Systems Group Stock Up 0.2 % The Descartes Systems Group stock opened at $100.44 on Wednesday.
The company has a fifty day simple moving average of $103.80 and a 200-day simple moving average of $110.17.
The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 63.17 and a beta of 0.
97. The Descartes Systems Group Inc. has a 52-week low of $89.
00 and a 52-week high of $124.31. 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43.
The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%.
The company had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $169.97 million.
On average, research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
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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