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

Hantz Financial Services Inc. cut its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.8% during the 3rd quarter, according to its most recent disclosure 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 quarter. Hantz Financial Services Inc.’s holdings in The Descartes Systems Group were worth $10,852,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DSGX. NBW Capital LLC increased its holdings in shares of The Descartes Systems Group by 3.5% during the first quarter. NBW Capital LLC now owns 71,509 shares of the technology company’s stock worth $6,545,000 after purchasing an additional 2,392 shares during the period. Park Place Capital Corp increased its holdings in shares of The Descartes Systems Group by 31.6% during the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after purchasing an additional 212 shares during the period. First Hawaiian Bank bought a new position in The Descartes Systems Group in the second quarter valued at approximately $1,612,000. Canandaigua National Bank & Trust Co. bought a new position in The Descartes Systems Group in the second quarter valued at approximately $295,000. Finally, Envestnet Portfolio Solutions Inc. increased its stake in The Descartes Systems Group by 52.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,474 shares of the technology company’s stock valued at $1,014,000 after acquiring an additional 3,605 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DSGX shares. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, StockNews.com raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Four research 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. Based on data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $116.27 on Friday. The firm has a market cap of $9.94 billion, a PE ratio of 78.56 and a beta of 0.97. The firm’s fifty day moving average is $107.91 and its 200-day moving average is $101.22. The Descartes Systems Group Inc. has a 52 week low of $79.21 and a 52 week high of $117.95.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business 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 Descartes Systems Group’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. Sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

About The Descartes Systems Group

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.