The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,827 shares of the technology company’s stock after buying an additional 430 shares during the quarter. Hantz Financial Services Inc. owned about 0.12% of The Descartes Systems Group worth $12,022,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after acquiring an additional 117 shares during the period. Legacy Wealth Asset Management LLC boosted its position in The Descartes Systems Group by 3.8% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after purchasing an additional 137 shares in the last quarter. Assetmark Inc. grew its stake in shares of The Descartes Systems Group by 3.5% during the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares during the period. Stephens Inc. AR increased its holdings in shares of The Descartes Systems Group by 2.4% during the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after purchasing an additional 238 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of The Descartes Systems Group by 12.1% in the 3rd quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock valued at $250,000 after purchasing an additional 261 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Up 0.9 %

Shares of NASDAQ DSGX opened at $117.65 on Wednesday. The firm has a 50-day simple moving average of $116.16 and a 200-day simple moving average of $107.31. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $122.88. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 73.99 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly 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 net margin of 21.80% and a return on equity of 10.65%. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DSGX shares. Royal Bank of Canada lifted their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Scotiabank lifted their price target 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. TD Securities increased their price target on 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. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $88.00 to $125.00 in a research report on Friday, November 15th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Profile

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.