Mastech Digital (MHH) At $9.17 Forms Bottom; Greystone Managed Investments Has Decreased By $1.11 Million Its Descartes Sys Group (DSGX) Stake

August 11, 2017 - By Vivian Park

Mastech Digital Inc (MHH) formed multiple bottom with $8.71 target or 5.00% below today’s $9.17 share price. Mastech Digital Inc (MHH) has $41.25 million valuation. The stock increased 0.77% or $0.07 on August 10, reaching $9.17. About 27,446 shares traded or 17.03% up from the average. Mastech Digital Inc (NYSEMKT:MHH) has declined 10.69% since August 11, 2016 and is downtrending. It has underperformed by 27.39% the S&P500.

Greystone Managed Investments Inc decreased Descartes Sys Group Inc (DSGX) stake by 3.14% reported in 2016Q4 SEC filing. Greystone Managed Investments Inc sold 52,887 shares as Descartes Sys Group Inc (DSGX)’s stock rose 9.55%. The Greystone Managed Investments Inc holds 1.63 million shares with $34.83 million value, down from 1.68M last quarter. Descartes Sys Group Inc now has $2.01 billion valuation. The stock increased 0.19% or $0.05 on August 10, reaching $26.45. About shares traded. Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has risen 29.29% since August 11, 2016 and is uptrending. It has outperformed by 12.59% the S&P500.

Analysts await Descartes Systems Group Inc (USA) (NASDAQ:DSGX) to report earnings on September, 14. They expect $0.11 EPS, up 37.50% or $0.03 from last year’s $0.08 per share. DSGX’s profit will be $8.36 million for 60.11 P/E if the $0.11 EPS becomes a reality. After $0.09 actual EPS reported by Descartes Systems Group Inc (USA) for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Among 7 analysts covering Descartes Systems Group (NASDAQ:DSGX), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Descartes Systems Group had 23 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, September 11, the company rating was maintained by Barclays Capital. The company was upgraded on Wednesday, October 19 by IBC. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, May 27. Barclays Capital has “Overweight” rating and $23 target. Barclays Capital maintained the stock with “Overweight” rating in Friday, September 9 report. RBC Capital Markets maintained it with “Buy” rating and $2700 target in Friday, May 26 report. The firm has “Buy” rating given on Wednesday, May 31 by Canaccord Genuity. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 30 report. On Friday, September 11 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock has “Buy” rating by Canaccord Genuity on Friday, September 11. Barclays Capital maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, December 4. Barclays Capital has “Overweight” rating and $22 target.

Investors sentiment decreased to 0.2 in 2016 Q4. Its down 0.55, from 0.75 in 2016Q3. It dropped, as 2 investors sold Mastech Digital Inc shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 305,075 shares or 0.48% less from 306,556 shares in 2016Q3 were reported. 5,906 are held by James Invest Inc. Vanguard reported 0% of its portfolio in Mastech Digital Inc (NYSEMKT:MHH). Manufacturers Life Ins The stated it has 369 shares or 0% of all its holdings. Dimensional Fund Advisors Limited Partnership invested in 102,394 shares. 1,020 were accumulated by Blackrock Advsrs Ltd Liability Corp. Renaissance Tech Ltd reported 0% of its portfolio in Mastech Digital Inc (NYSEMKT:MHH). Blackrock Institutional Company Na stated it has 0% of its portfolio in Mastech Digital Inc (NYSEMKT:MHH). Creative Planning reported 73 shares. Riggs Asset Managment reported 107 shares or 0% of all its holdings. Smithfield Tru Co reported 1,140 shares. 634 are owned by Blackrock Fund Advsrs. Price T Rowe Md owns 23,392 shares for 0% of their portfolio. Barclays Public Limited Company holds 0% of its portfolio in Mastech Digital Inc (NYSEMKT:MHH) for 68 shares.

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