Hantz Financial Services Inc. Sells 3,059 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Hantz Financial Services Inc. reduced its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,397 shares of the technology company’s stock after selling 3,059 shares during the period. Hantz Financial Services Inc. owned approximately 0.12% of The Descartes Systems Group worth $10,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. NBW Capital LLC boosted its holdings in shares of The Descartes Systems Group by 3.5% in the 1st quarter. NBW Capital LLC now owns 71,509 shares of the technology company’s stock worth $6,545,000 after acquiring an additional 2,392 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of The Descartes Systems Group by 31.6% in the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after acquiring an additional 212 shares in the last quarter. First Hawaiian Bank acquired a new position in shares of The Descartes Systems Group in the 2nd quarter worth approximately $1,612,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of The Descartes Systems Group in the 2nd quarter worth approximately $295,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of The Descartes Systems Group by 52.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,474 shares of the technology company’s stock worth $1,014,000 after acquiring an additional 3,605 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Trading Down 0.7 %

DSGX stock opened at $116.27 on Friday. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $117.95. The stock has a market cap of $9.94 billion, a PE ratio of 78.56 and a beta of 0.97. The stock has a 50-day moving average price of $107.91 and a two-hundred day moving average price of $101.22.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $0.32 earnings per share. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $88.00 to $125.00 in a report on Friday, November 15th. BMO Capital Markets upped their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $109.25.

The Descartes Systems Group Company 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.