Fenimore Asset Management Inc Sells 5,255 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fenimore Asset Management Inc trimmed its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,402 shares of the technology company’s stock after selling 5,255 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.15% of The Descartes Systems Group worth $14,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Avior Wealth Management LLC lifted its stake in The Descartes Systems Group by 2.8% in the third 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 during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of The Descartes Systems Group by 3.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock valued at $388,000 after buying an additional 137 shares during the last quarter. Assetmark Inc. grew its stake in shares of The Descartes Systems Group by 3.5% during the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after acquiring an additional 197 shares during the period. Stephens Inc. AR increased its holdings in The Descartes Systems Group by 2.4% in the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after acquiring an additional 238 shares during the last quarter. Finally, Signaturefd LLC raised its stake in The Descartes Systems Group by 12.1% in the 3rd quarter. Signaturefd LLC now owns 2,425 shares of the technology company’s stock valued at $250,000 after acquiring an additional 261 shares during the period. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Trading Down 0.6 %

Shares of NASDAQ DSGX opened at $119.13 on Friday. The business has a 50-day moving average of $116.00 and a 200-day moving average of $106.98. The firm has a market capitalization of $10.19 billion, a price-to-earnings ratio of 74.92 and a beta of 0.99. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released 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 return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

DSGX has been the subject of a number of research reports. Scotiabank increased their target price 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. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. TD Securities boosted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th. Finally, Loop Capital assumed coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

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.