Tacita Capital Inc Sells 408 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Tacita Capital Inc decreased its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,783 shares of the technology company’s stock after selling 408 shares during the quarter. Tacita Capital Inc’s holdings in The Descartes Systems Group were worth $542,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mather Group LLC. boosted its position in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $54,000. GAMMA Investing LLC boosted its position in shares of 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 valued at $57,000 after acquiring an additional 495 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $110.06 on Tuesday. The company’s 50 day simple moving average is $115.16 and its 200 day simple moving average is $110.03. The Descartes Systems Group Inc. has a fifty-two week low of $84.83 and a fifty-two week high of $124.31. The firm has a market capitalization of $9.42 billion, a P/E ratio of 69.22 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data 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 business earned $0.31 earnings per share. Sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

DSGX has been the topic of several recent research reports. Scotiabank lifted their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Loop Capital started coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target on the stock. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $88.00 to $125.00 in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.92.

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.