The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,308 shares of the technology company’s stock after selling 778 shares during the period. Stephens Inc. AR’s holdings in The Descartes Systems Group were worth $1,057,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Stephens Investment Management Group LLC lifted its stake in The Descartes Systems Group by 9.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company’s stock worth $23,762,000 after acquiring an additional 18,233 shares in the last quarter. Entropy Technologies LP acquired a new position in The Descartes Systems Group during the 4th quarter worth about $409,000. Empowered Funds LLC lifted its stake in The Descartes Systems Group by 31.2% during the 4th quarter. Empowered Funds LLC now owns 24,752 shares of the technology company’s stock worth $2,812,000 after acquiring an additional 5,880 shares in the last quarter. Mather Group LLC. lifted its stake in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Finally, Calamos Wealth Management LLC acquired a new position in The Descartes Systems Group during the 4th quarter worth about $1,339,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DSGX. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Scotiabank upped their price target on 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. Royal Bank of Canada upped their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. TD Securities upped their price target 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 report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Stock Performance

DSGX opened at $116.78 on Friday. The Descartes Systems Group Inc. has a one year low of $84.12 and a one year high of $124.31. The company has a market cap of $9.99 billion, a P/E ratio of 73.45 and a beta of 0.99. The business’s 50-day simple moving average is $116.40 and its 200-day simple moving average is $108.57.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (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 period in the previous year, the company posted $0.31 EPS. As a group, analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

About The Descartes Systems Group

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.