The Descartes Systems Group Inc. $DSGX Holdings Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 19.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,671 shares of the technology company’s stock after selling 88,962 shares during the period. Segall Bryant & Hamill LLC’s holdings in The Descartes Systems Group were worth $36,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. increased its position in The Descartes Systems Group by 77.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 570 shares of the technology company’s stock valued at $58,000 after acquiring an additional 248 shares during the period. Parallel Advisors LLC grew its stake in shares of The Descartes Systems Group by 35.1% in the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock worth $59,000 after purchasing an additional 152 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of The Descartes Systems Group by 23.2% during the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after purchasing an additional 117 shares during the period. Hilltop National Bank acquired a new position in shares of The Descartes Systems Group during the second quarter valued at $215,000. Finally, Vident Advisory LLC bought a new stake in shares of The Descartes Systems Group during the first quarter valued at about $220,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. CIBC decreased their price objective on shares of The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Morgan Stanley dropped their target price on The Descartes Systems Group from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of The Descartes Systems Group in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of $120.70.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $81.49 on Friday. The firm’s 50 day moving average is $92.37 and its 200-day moving average is $100.44. The stock has a market capitalization of $7.01 billion, a P/E ratio of 48.22 and a beta of 0.75. The Descartes Systems Group Inc. has a 12-month low of $78.88 and a 12-month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

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.