Stephens Inc. AR Has $598,000 Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Stephens Inc. AR decreased its position in The Descartes Systems Group Inc. (NASDAQ:DSGXGet Rating) (TSE:DSG) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,157 shares of the technology company’s stock after selling 463 shares during the quarter. Stephens Inc. AR’s holdings in The Descartes Systems Group were worth $598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DSGX. Qube Research & Technologies Ltd grew its position in shares of The Descartes Systems Group by 139.7% in the fourth quarter. Qube Research & Technologies Ltd now owns 13,602 shares of the technology company’s stock valued at $1,125,000 after purchasing an additional 7,928 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Descartes Systems Group by 42.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,248 shares of the technology company’s stock worth $999,000 after buying an additional 3,645 shares in the last quarter. AGF Investments Inc. grew its position in The Descartes Systems Group by 46.1% during the fourth quarter. AGF Investments Inc. now owns 107,176 shares of the technology company’s stock worth $8,864,000 after buying an additional 33,830 shares in the last quarter. Fifth Third Bancorp grew its position in The Descartes Systems Group by 15.3% during the fourth quarter. Fifth Third Bancorp now owns 2,249 shares of the technology company’s stock worth $186,000 after buying an additional 298 shares in the last quarter. Finally, NBW Capital LLC grew its position in The Descartes Systems Group by 5.3% during the fourth quarter. NBW Capital LLC now owns 69,575 shares of the technology company’s stock worth $5,758,000 after buying an additional 3,508 shares in the last quarter. Institutional investors and hedge funds own 72.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays increased their price target on The Descartes Systems Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, June 3rd. CIBC cut The Descartes Systems Group from a “sector outperform” rating to a “neutral” rating and cut their target price for the stock from $89.00 to $71.00 in a research note on Monday, June 27th. TD Securities cut their target price on The Descartes Systems Group from $95.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Raymond James cut their target price on The Descartes Systems Group from $83.00 to $71.00 and set a “market perform” rating for the company in a research note on Thursday, June 2nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.38.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $68.27 on Wednesday. The Descartes Systems Group Inc. has a 52 week low of $56.19 and a 52 week high of $91.39. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 64.41 and a beta of 1.04. The stock has a fifty day moving average of $63.53 and a 200-day moving average of $66.46.

The Descartes Systems Group (NASDAQ:DSGXGet Rating) (TSE:DSG) last announced its quarterly earnings results on Wednesday, June 1st. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The Descartes Systems Group had a return on equity of 9.17% and a net margin of 20.57%. The company had revenue of $116.40 million during the quarter, compared to analysts’ expectations of $113.97 million. During the same period in the prior year, the company earned $0.21 EPS. The Descartes Systems Group’s revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts forecast that The Descartes Systems Group Inc. will post 1.1 EPS for the current year.

The Descartes Systems Group Profile

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The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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