The Descartes Systems Group Inc. $DSGX Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. trimmed its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 99.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 751 shares of the technology company’s stock after selling 71,642 shares during the quarter. Hantz Financial Services Inc.’s holdings in The Descartes Systems Group were worth $66,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of The Descartes Systems Group by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,602,652 shares of the technology company’s stock worth $316,050,000 after acquiring an additional 69,260 shares during the last quarter. Fiera Capital Corp grew its position in The Descartes Systems Group by 10.2% during the third quarter. Fiera Capital Corp now owns 2,976,093 shares of the technology company’s stock valued at $280,123,000 after acquiring an additional 276,329 shares during the period. Bank of Montreal Can grew its position in The Descartes Systems Group by 0.3% during the third quarter. Bank of Montreal Can now owns 1,683,790 shares of the technology company’s stock valued at $158,507,000 after acquiring an additional 5,317 shares during the period. Temasek Holdings Private Ltd grew its position in The Descartes Systems Group by 63.3% during the third quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock valued at $137,968,000 after acquiring an additional 567,386 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in The Descartes Systems Group by 54.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,001,331 shares of the technology company’s stock valued at $94,355,000 after acquiring an additional 351,700 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DSGX shares. Rothschild & Co Redburn raised The Descartes Systems Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $100.00 to $90.00 in a research report on Thursday, April 16th. Canaccord Genuity Group lowered their price target on The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. BMO Capital Markets lowered their price target on The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Scotiabank reduced their price objective on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Barclays reduced their price objective on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.45.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $74.11 on Thursday. The stock’s 50-day moving average is $71.28 and its two-hundred day moving average is $76.28. The stock has a market cap of $6.37 billion, a PE ratio of 39.84 and a beta of 0.64. The Descartes Systems Group Inc. has a 12 month low of $62.56 and a 12 month high of $115.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $166.96 million for the quarter, compared to analysts’ expectations of $173.94 million. The Descartes Systems Group had a return on equity of 10.70% and a net margin of 22.47%.The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that The Descartes Systems Group Inc. will post 2.62 earnings per share for the current year.

About The Descartes Systems Group

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.