The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 73.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,000 shares of the technology company’s stock after selling 114,000 shares during the period. Quadrature Capital Ltd’s holdings in The Descartes Systems Group were worth $3,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in The Descartes Systems Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock worth $287,188,000 after acquiring an additional 40,897 shares during the period. Conestoga Capital Advisors LLC grew its holdings in The Descartes Systems Group by 0.8% during the first quarter. Conestoga Capital Advisors LLC now owns 3,049,464 shares of the technology company’s stock worth $279,117,000 after acquiring an additional 23,285 shares during the period. Fiera Capital Corp grew its holdings in The Descartes Systems Group by 9.3% during the fourth quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock worth $204,169,000 after acquiring an additional 206,193 shares during the period. Mackenzie Financial Corp grew its holdings in The Descartes Systems Group by 8.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock worth $160,912,000 after acquiring an additional 154,110 shares during the period. Finally, Geneva Capital Management LLC grew its holdings in The Descartes Systems Group by 0.4% during the fourth quarter. Geneva Capital Management LLC now owns 1,468,407 shares of the technology company’s stock worth $123,434,000 after acquiring an additional 6,497 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DSGX has been the topic of several analyst reports. Barclays raised their target price on The Descartes Systems Group from $75.00 to $87.00 and gave the stock an “underweight” rating in a report on Friday, May 17th. TD Securities raised their price objective on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. William Blair reissued an “outperform” rating on shares of The Descartes Systems Group in a report on Monday, April 1st. CIBC raised their price objective on The Descartes Systems Group from $101.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Finally, StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

The Descartes Systems Group Stock Up 1.0 %

Shares of NASDAQ DSGX traded up $0.97 during midday trading on Friday, hitting $100.49. The stock had a trading volume of 54,515 shares, compared to its average volume of 126,818. The company has a market capitalization of $8.58 billion, a PE ratio of 71.78 and a beta of 0.98. The stock has a 50 day simple moving average of $97.06 and a 200-day simple moving average of $92.66. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $104.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The Descartes Systems Group had a return on equity of 9.96% and a net margin of 20.62%. The company had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $151.80 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts expect that The Descartes Systems Group Inc. will post 1.7 earnings per share for the current fiscal year.

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.