Alliance Wealth Advisors LLC UT Sells 158 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Alliance Wealth Advisors LLC UT reduced its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,310 shares of the technology company’s stock after selling 158 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in The Descartes Systems Group were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DSGX. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the 4th quarter valued at about $54,000. GAMMA Investing LLC raised its stake in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after purchasing an additional 587 shares in the last quarter. R Squared Ltd purchased a new position in shares of The Descartes Systems Group during the fourth quarter valued at approximately $90,000. Finally, Avanza Fonder AB bought a new stake in The Descartes Systems Group during the fourth quarter worth $118,000. 77.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DSGX shares. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective on the stock. BMO Capital Markets boosted their price target 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. Scotiabank upped their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. TD Securities lifted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $88.00 to $125.00 in a report on Friday, November 15th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $117.92.

The Descartes Systems Group Stock Up 0.2 %

NASDAQ DSGX opened at $115.85 on Wednesday. The company has a market cap of $9.91 billion, a PE ratio of 72.86 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $122.88. The firm’s 50-day simple moving average is $116.19 and its two-hundred day simple moving average is $107.84.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.