Alliance Wealth Advisors LLC UT Has $376,000 Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Alliance Wealth Advisors LLC UT decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in shares of The Descartes Systems Group by 2.8% during 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 in the last quarter. Legacy Wealth Asset Management LLC boosted its position in 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 worth $388,000 after buying an additional 137 shares during the period. Assetmark Inc. grew its holdings in 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 last quarter. Stephens Inc. AR increased its position 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 valued at $1,038,000 after acquiring an additional 238 shares during the period. Finally, Signaturefd LLC raised its stake in shares of The Descartes Systems Group by 12.1% during the third 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 last quarter. Institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Loop Capital began coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. Royal Bank of Canada raised 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. Scotiabank upped their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Trading Up 0.2 %

NASDAQ:DSGX opened at $115.85 on Wednesday. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $122.88. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.99. The firm has a fifty day simple moving average of $116.19 and a two-hundred day simple moving average of $107.84.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued 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 net margin of 21.80% and a return on equity of 10.65%. During the same period last year, the company earned $0.31 earnings per share. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group 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.