Tacita Capital Inc Has $542,000 Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Tacita Capital Inc decreased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,783 shares of the technology company’s stock after selling 408 shares during the period. Tacita Capital Inc’s holdings in The Descartes Systems Group were worth $542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its stake 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 buying an additional 181 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at $54,000. GAMMA Investing LLC boosted its stake 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 buying an additional 495 shares during the period. Finally, Allworth Financial LP boosted its stake 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 buying an additional 182 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $110.06 on Tuesday. The company has a market capitalization of $9.42 billion, a PE ratio of 69.22 and a beta of 0.99. The Descartes Systems Group Inc. has a one year low of $84.83 and a one year high of $124.31. The company’s fifty day moving average price is $115.16 and its 200 day moving average price is $110.03.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the company posted $0.31 earnings per share. Analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DSGX has been the subject of a number of research reports. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank raised their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target on the stock. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Finally, BMO Capital Markets raised their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group 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.