Scout Investments Inc. cut its stake in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,577 shares of the technology company’s stock after selling 800 shares during the period. Scout Investments Inc. owned about 0.16% of Descartes Systems Group worth $3,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Hawaiian Bank acquired a new position in shares of Descartes Systems Group in the 4th quarter worth approximately $33,000. Sei Investments Co. increased its holdings in Descartes Systems Group by 3,015.9% during the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,373 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Descartes Systems Group during the 3rd quarter valued at $233,000. CLARET ASSET MANAGEMENT Corp increased its holdings in Descartes Systems Group by 26.2% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock valued at $315,000 after purchasing an additional 1,930 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Descartes Systems Group by 8,153.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,380 shares of the technology company’s stock valued at $422,000 after purchasing an additional 12,230 shares in the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. BidaskClub cut Descartes Systems Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. TheStreet cut Descartes Systems Group from a “b” rating to a “c+” rating in a report on Monday, December 24th. Zacks Investment Research cut Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Friday, November 30th. Finally, BMO Capital Markets set a $32.00 price target on Descartes Systems Group and gave the company a “market perform” rating in a report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.20.

NASDAQ DSGX opened at $28.58 on Monday. The firm has a market capitalization of $2.17 billion, a PE ratio of 81.66 and a beta of 0.58. Descartes Systems Group Inc has a 52 week low of $24.85 and a 52 week 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The firm had revenue of $70.00 million during the quarter, compared to analyst estimates of $69.69 million. Descartes Systems Group had a net margin of 11.24% and a return on equity of 5.88%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. As a group, equities research analysts expect that Descartes Systems Group Inc will post 0.42 EPS for the current year.

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Descartes Systems Group Company 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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Institutional Ownership by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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