Carillon Tower Advisers Inc. decreased its holdings in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,366 shares of the technology company’s stock after selling 4,031 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.16% of Descartes Systems Group worth $4,047,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Conestoga Capital Advisors LLC raised its position in Descartes Systems Group by 12.9% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,296,440 shares of the technology company’s stock valued at $111,749,000 after purchasing an additional 375,720 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Descartes Systems Group by 76.3% during the second quarter. Janus Henderson Group PLC now owns 2,014,123 shares of the technology company’s stock worth $65,527,000 after acquiring an additional 871,960 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Descartes Systems Group by 166.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,192,612 shares of the technology company’s stock worth $40,429,000 after acquiring an additional 745,448 shares during the last quarter. Oak Ridge Investments LLC bought a new stake in shares of Descartes Systems Group during the second quarter worth $18,345,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Descartes Systems Group by 40.0% during the third quarter. Canada Pension Plan Investment Board now owns 527,571 shares of the technology company’s stock worth $17,881,000 after acquiring an additional 150,600 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.
DSGX has been the subject of a number of recent research reports. BidaskClub downgraded Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. BMO Capital Markets set a $32.00 target price on Descartes Systems Group and gave the stock a “market perform” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.20.
DSGX stock opened at $29.42 on Monday. The firm has a market cap of $2.26 billion, a PE ratio of 75.44 and a beta of 0.46. Descartes Systems Group Inc has a twelve month low of $24.85 and a twelve month high of $35.87. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.10.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, November 28th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $70.00 million for the quarter, compared to the consensus estimate of $69.69 million. Descartes Systems Group had a return on equity of 5.88% and a net margin of 11.24%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities research analysts predict that Descartes Systems Group Inc will post 0.43 earnings per share for the current fiscal year.
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About Descartes Systems Group
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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