Blair William & Co. IL raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,958 shares of the technology company's stock after buying an additional 11,560 shares during the quarter. Blair William & Co. IL owned approximately 0.38% of The Descartes Systems Group worth $37,029,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DSGX. Vanguard Group Inc. boosted its position in shares of The Descartes Systems Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,299,323 shares of the technology company's stock worth $375,047,000 after buying an additional 54,341 shares during the period. Franklin Resources Inc. lifted its position in shares of The Descartes Systems Group by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock worth $142,693,000 after purchasing an additional 40,807 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of The Descartes Systems Group by 3.2% in the fourth quarter. TD Asset Management Inc. now owns 899,762 shares of the technology company's stock valued at $102,224,000 after purchasing an additional 28,204 shares during the period. National Bank of Canada FI grew its holdings in The Descartes Systems Group by 389.8% during the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock valued at $71,911,000 after purchasing an additional 556,408 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in The Descartes Systems Group by 12.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company's stock worth $69,282,000 after buying an additional 72,501 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. TD Securities raised their price target 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. CIBC lowered their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. BMO Capital Markets decreased their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Loop Capital initiated coverage on shares of 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a report on Friday. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.50.
View Our Latest Research Report on The Descartes Systems Group
The Descartes Systems Group Trading Up 0.5 %
DSGX stock traded up $0.52 during midday trading on Tuesday, reaching $101.35. The company had a trading volume of 65,680 shares, compared to its average volume of 196,515. The company has a 50 day moving average of $110.06 and a two-hundred day moving average of $110.44. The Descartes Systems Group Inc. has a 1 year low of $87.20 and a 1 year high of $124.31. The company has a market capitalization of $8.68 billion, a P/E ratio of 63.75 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
The Descartes Systems Group Company Profile
(
Free Report)
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.
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