Paragon Advisors LLC grew its position in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 78.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,128 shares of the technology company’s stock after buying an additional 5,769 shares during the quarter. Paragon Advisors LLC’s holdings in Descartes Systems Group were worth $694,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. UBS Group AG raised its position in Descartes Systems Group by 7,481.6% during the fourth quarter. UBS Group AG now owns 2,881 shares of the technology company’s stock valued at $123,000 after acquiring an additional 2,843 shares in the last quarter. Prudential PLC acquired a new stake in shares of Descartes Systems Group in the first quarter worth $226,000. Engineers Gate Manager LP acquired a new stake in shares of Descartes Systems Group in the first quarter worth $229,000. Baird Financial Group Inc. boosted its stake in Descartes Systems Group by 23.0% during the first quarter. Baird Financial Group Inc. now owns 6,955 shares of the technology company’s stock worth $239,000 after buying an additional 1,299 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Descartes Systems Group by 5.6% during the fourth quarter. Advisor Group Inc. now owns 6,226 shares of the technology company’s stock worth $266,000 after buying an additional 328 shares in the last quarter. Institutional investors own 78.86% of the company’s stock.
DSGX has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Descartes Systems Group from $43.00 to $47.00 and gave the company a “market perform” rating in a research note on Thursday, May 28th. Barclays reissued a “hold” rating and set a $36.00 price objective on shares of Descartes Systems Group in a report on Tuesday, March 17th. BidaskClub raised Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Canaccord Genuity upped their price target on Descartes Systems Group from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, ValuEngine cut Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Descartes Systems Group presently has a consensus rating of “Buy” and an average price target of $47.00.
DSGX stock traded down $0.39 during mid-day trading on Tuesday, reaching $55.44. The company’s stock had a trading volume of 10,908 shares, compared to its average volume of 161,330. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 118.79 and a beta of 1.06. The business’s 50 day moving average price is $49.20 and its 200 day moving average price is $43.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.02. Descartes Systems Group Inc has a 12 month low of $24.35 and a 12 month high of $56.03.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $83.70 million during the quarter, compared to analysts’ expectations of $85.19 million. Descartes Systems Group had a return on equity of 5.02% and a net margin of 12.27%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. As a group, equities analysts expect that Descartes Systems Group Inc will post 0.55 EPS for the current fiscal year.
Descartes Systems Group Profile
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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