Hantz Financial Services Inc. Reduces Position in The Descartes Systems Group Inc. $DSGX

Hantz Financial Services Inc. lessened its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 99.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 751 shares of the technology company’s stock after selling 71,642 shares during the quarter. Hantz Financial Services Inc.’s holdings in The Descartes Systems Group were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in The Descartes Systems Group during the 3rd quarter worth approximately $1,954,000. Aviso Financial Inc. lifted its position in The Descartes Systems Group by 247.6% during the 3rd quarter. Aviso Financial Inc. now owns 27,141 shares of the technology company’s stock worth $2,556,000 after acquiring an additional 19,333 shares during the period. Thrivent Financial for Lutherans acquired a new stake in The Descartes Systems Group during the 3rd quarter worth approximately $10,031,000. Dixon Mitchell Investment Counsel Inc. lifted its position in The Descartes Systems Group by 303.0% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 339,370 shares of the technology company’s stock worth $31,961,000 after acquiring an additional 255,154 shares during the period. Finally, Temasek Holdings Private Ltd lifted its position in The Descartes Systems Group by 63.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock worth $137,968,000 after acquiring an additional 567,386 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DSGX shares. Scotiabank decreased their price objective on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Rothschild & Co Redburn raised The Descartes Systems Group from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $100.00 to $90.00 in a research report on Thursday, April 16th. Weiss Ratings cut The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Barclays reduced their price target on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, Zacks Research cut The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.45.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $74.11 on Thursday. The stock has a fifty day moving average price of $71.28 and a 200 day moving average price of $76.28. The stock has a market cap of $6.37 billion, a PE ratio of 39.84 and a beta of 0.64. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $115.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $166.96 million during the quarter, compared to analysts’ expectations of $173.94 million. The Descartes Systems Group had a return on equity of 10.70% and a net margin of 22.47%.The Descartes Systems Group’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities research analysts predict that The Descartes Systems Group Inc. will post 2.62 earnings per share for the current year.

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.