Guardian Capital LP Reduces Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Guardian Capital LP lowered its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,725 shares of the technology company’s stock after selling 1,144 shares during the quarter. Guardian Capital LP’s holdings in The Descartes Systems Group were worth $2,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. lifted its position in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after buying an additional 181 shares during the period. GeoWealth Management LLC lifted its position in The Descartes Systems Group by 63.2% during 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 period. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group during the fourth quarter valued at $54,000. Finally, GAMMA Investing LLC increased its holdings in shares of The Descartes Systems Group by 4,950.0% during the fourth 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. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.1 %

Shares of DSGX opened at $105.95 on Wednesday. The firm has a market cap of $9.07 billion, a PE ratio of 66.64 and a beta of 0.97. The stock has a fifty day moving average price of $102.80 and a 200-day moving average price of $110.24. The Descartes Systems Group Inc. has a 12 month low of $89.00 and a 12 month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stephens reduced their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. CIBC reduced their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. BMO Capital Markets reduced their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Finally, StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.