Sei Investments Co. Sells 1,147 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Sei Investments Co. decreased its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 218,957 shares of the technology company’s stock after selling 1,147 shares during the quarter. Sei Investments Co.’s holdings in The Descartes Systems Group were worth $24,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. increased its holdings in 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 purchasing an additional 181 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth about $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group during the fourth quarter worth about $54,000. GAMMA Investing LLC raised its position in The Descartes Systems Group by 4,950.0% in 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 last quarter. Finally, Allworth Financial LP lifted its stake in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after acquiring an additional 182 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Trading Down 1.8 %

Shares of NASDAQ DSGX opened at $103.59 on Thursday. The company has a market capitalization of $8.87 billion, a P/E ratio of 65.15 and a beta of 0.99. The Descartes Systems Group Inc. has a 12 month low of $87.20 and a 12 month high of $124.31. The stock has a 50 day moving average of $111.17 and a 200-day moving average of $110.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DSGX. CIBC lowered their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Stephens cut their price target on shares of The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. TD Securities raised their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada decreased their price target on The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.50.

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.