Stifel Financial Corp Sells 1,050 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Stifel Financial Corp cut its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,792 shares of the technology company’s stock after selling 1,050 shares during the quarter. Stifel Financial Corp’s holdings in The Descartes Systems Group were worth $1,680,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its position in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of The Descartes Systems Group by 63.2% in the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock valued at $39,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group in the fourth quarter valued at about $43,000. Trust Co. of Vermont acquired a new position in The Descartes Systems Group during the 4th quarter worth about $54,000. Finally, GAMMA Investing LLC grew its holdings in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after acquiring an additional 495 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $107.64 on Wednesday. The firm has a 50 day moving average price of $102.33 and a 200 day moving average price of $110.25. The stock has a market cap of $9.21 billion, a P/E ratio of 67.70 and a beta of 0.88. 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) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $169.97 million. Analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DSGX. Scotiabank upped their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 26th. 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 dropped their target price 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Finally, Barclays dropped their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.50.

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.