Fiera Capital Corp Raises Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fiera Capital Corp increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,578,648 shares of the technology company's stock after acquiring an additional 19,817 shares during the period. Fiera Capital Corp owned about 3.02% of The Descartes Systems Group worth $265,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC raised its stake 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 valued at $388,000 after purchasing an additional 137 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in The Descartes Systems Group by 4.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company's stock worth $371,000 after buying an additional 158 shares during the period. Park Place Capital Corp lifted its stake in The Descartes Systems Group by 31.6% in the second quarter. Park Place Capital Corp now owns 883 shares of the technology company's stock valued at $86,000 after buying an additional 212 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of The Descartes Systems Group by 18.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company's stock worth $137,000 after buying an additional 219 shares during the period. Finally, Stephens Inc. AR increased its stake 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 buying an additional 238 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of DSGX traded up $1.66 on Friday, hitting $115.00. 113,023 shares of the stock traded hands, compared to its average volume of 151,855. The business has a 50 day simple moving average of $103.01 and a 200 day simple moving average of $99.17. The company has a market capitalization of $9.83 billion, a PE ratio of 77.49 and a beta of 0.97. The Descartes Systems Group Inc. has a one year low of $75.44 and a one year high of $115.42.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business's revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a "buy" rating in a research note on Thursday, September 5th. BMO Capital Markets lifted their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a report on Thursday, September 5th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the company an "outperform" rating in a research report on Thursday, September 26th. Finally, Barclays increased their price objective on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an "underweight" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average price target of $106.17.

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.