Vista Finance LLC Acquires Shares of 2,916 The Descartes Systems Group Inc. (NASDAQ:DSGX)

Vista Finance LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,916 shares of the technology company’s stock, valued at approximately $331,000.

Several other institutional investors have also modified their holdings of DSGX. Mather Group LLC. raised its holdings 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 worth $27,000 after acquiring an additional 181 shares during the period. Trust Co. of Vermont purchased a new position in shares of The Descartes Systems Group during the 4th quarter worth $54,000. GAMMA Investing LLC raised its holdings 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 worth $57,000 after acquiring an additional 495 shares during the period. Blue Trust Inc. raised its holdings in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after acquiring an additional 587 shares during the period. Finally, R Squared Ltd purchased a new position in shares of The Descartes Systems Group during the 4th quarter worth $90,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $88.00 to $125.00 in a report on Friday, November 15th. Scotiabank boosted their price objective 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. Royal Bank of Canada boosted their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Finally, StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $116.54 on Friday. The company has a market cap of $9.97 billion, a P/E ratio of 73.30 and a beta of 0.99. The stock has a 50-day moving average of $116.26 and a two-hundred day moving average of $108.79. The Descartes Systems Group Inc. has a 1-year low of $84.12 and a 1-year high of $124.31.

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