Lindenwold Advisors INC Sells 125 Shares of The Descartes Systems Group Inc. $DSGX

Lindenwold Advisors INC cut its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,167 shares of the technology company’s stock after selling 125 shares during the period. Lindenwold Advisors INC’s holdings in The Descartes Systems Group were worth $322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at about $49,000. Parallel Advisors LLC increased its position in shares of The Descartes Systems Group by 35.1% during the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock valued at $59,000 after buying an additional 152 shares during the period. GAMMA Investing LLC increased its position in shares of The Descartes Systems Group by 23.2% during the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after buying an additional 117 shares during the period. Finally, Intact Investment Management Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at about $141,000. 77.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Securities assumed coverage on The Descartes Systems Group in a report on Friday, October 3rd. They set a “buy” rating and a $121.00 price objective for the company. Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Wall Street Zen raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Morgan Stanley assumed coverage on The Descartes Systems Group in a report on Monday, July 14th. They set an “equal weight” rating and a $110.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of The Descartes Systems Group in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.80.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $95.48 on Friday. The firm has a market cap of $8.21 billion, a P/E ratio of 56.50 and a beta of 0.77. The stock has a 50 day simple moving average of $100.01 and a two-hundred day simple moving average of $103.17. The Descartes Systems Group Inc. has a 1 year low of $91.00 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The firm had revenue of $178.98 million during the quarter, compared to analysts’ expectations of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

The Descartes Systems Group Company Profile

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.