Citigroup Inc. Has $14.80 Million Holdings in The Descartes Systems Group Inc. $DSGX

Citigroup Inc. grew its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 128.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,167 shares of the technology company’s stock after buying an additional 88,245 shares during the quarter. Citigroup Inc. owned approximately 0.18% of The Descartes Systems Group worth $14,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Mather Group LLC. bought a new position in The Descartes Systems Group during the third quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its stake in shares of The Descartes Systems Group by 77.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 570 shares of the technology company’s stock worth $58,000 after purchasing an additional 248 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of The Descartes Systems Group by 24.8% during the 3rd quarter. Versant Capital Management Inc now owns 660 shares of the technology company’s stock worth $62,000 after purchasing an additional 131 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of The Descartes Systems Group during the 2nd quarter valued at $68,000. Finally, GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 42.1% in the 3rd quarter. GAMMA Investing LLC now owns 884 shares of the technology company’s stock valued at $83,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 2.3%

Shares of NASDAQ:DSGX opened at $66.25 on Friday. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 37.43 and a beta of 0.75. The business has a 50 day moving average price of $77.86 and a 200 day moving average price of $88.17. The Descartes Systems Group Inc. has a twelve month low of $62.56 and a twelve month high of $117.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The Descartes Systems Group had a return on equity of 10.57% and a net margin of 22.10%.The company had revenue of $186.78 million for the quarter, compared to the consensus estimate of $184.24 million. During the same period in the previous year, the business posted $0.42 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. Analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on DSGX shares. Barclays raised shares of The Descartes Systems Group from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $106.00 to $105.00 in a research report on Monday, January 12th. Scotiabank decreased their price target on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Zacks Research raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Morgan Stanley upgraded The Descartes Systems Group from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 15th. Finally, Royal Bank Of Canada set a $126.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $114.20.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.