K.J. Harrison & Partners Inc Has $340,000 Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

K.J. Harrison & Partners Inc trimmed its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the technology company’s stock after selling 100 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in The Descartes Systems Group were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its stake in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after purchasing an additional 117 shares in the last quarter. Mather Group LLC. lifted its stake in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Allworth Financial LP boosted its position in The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after buying an additional 182 shares in the last quarter. Assetmark Inc. grew its stake in shares of The Descartes Systems Group by 3.5% during the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after buying an additional 197 shares during the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of The Descartes Systems Group by 2.4% during the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after buying an additional 238 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Trading Down 1.5 %

Shares of The Descartes Systems Group stock opened at $110.27 on Friday. The company has a market cap of $9.44 billion, a P/E ratio of 69.35 and a beta of 0.99. The business has a 50-day moving average price of $115.29 and a two-hundred day moving average price of $109.73. The Descartes Systems Group Inc. has a 1-year low of $84.83 and a 1-year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period last year, the firm posted $0.31 EPS. Equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on DSGX. Royal Bank of Canada boosted their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. TD Securities boosted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average price target of $117.92.

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.