Quantum Capital Management LLC NJ Sells 83,107 Shares of The Descartes Systems Group Inc. $DSGX

Quantum Capital Management LLC NJ trimmed its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 72.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,421 shares of the technology company’s stock after selling 83,107 shares during the period. The Descartes Systems Group accounts for 0.3% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 25th largest holding. Quantum Capital Management LLC NJ’s holdings in The Descartes Systems Group were worth $2,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $27,000. Danske Bank A S bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $34,000. Measured Wealth Private Client Group LLC bought a new stake in shares of The Descartes Systems Group during the 3rd quarter valued at $40,000. Caitong International Asset Management Co. Ltd raised its position in shares of The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after purchasing an additional 401 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of The Descartes Systems Group by 18.7% during the 4th quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock valued at $92,000 after purchasing an additional 165 shares during the period. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $72.97 on Friday. The company has a market cap of $6.27 billion, a P/E ratio of 36.49 and a beta of 0.64. The firm’s fifty day moving average is $71.85 and its two-hundred day moving average is $76.02. The Descartes Systems Group Inc. has a 52-week low of $62.56 and a 52-week high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The company had revenue of $166.96 million for the quarter, compared to the consensus estimate of $193.57 million. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The Descartes Systems Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. As a group, analysts forecast that The Descartes Systems Group Inc. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Barclays decreased their price objective on shares of The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Canaccord Genuity Group decreased their price objective on shares of The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Loop Capital restated a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, June 4th. Finally, Zacks Research downgraded shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $103.17.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.