O Shaughnessy Asset Management LLC Purchases 4,383 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

O Shaughnessy Asset Management LLC boosted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,232 shares of the technology company's stock after acquiring an additional 4,383 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in The Descartes Systems Group were worth $2,298,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DSGX. Mather Group LLC. increased its position in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after buying an additional 181 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at $43,000. Trust Co. of Vermont purchased a new stake in shares of The Descartes Systems Group in the 4th quarter valued at $54,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of The Descartes Systems Group in the 4th quarter valued at $57,000. Finally, GAMMA Investing LLC increased its holdings in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after purchasing an additional 495 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX traded down $1.83 during mid-day trading on Thursday, hitting $100.94. 67,494 shares of the stock traded hands, compared to its average volume of 205,784. The company has a market cap of $8.64 billion, a PE ratio of 63.56 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The firm has a 50 day simple moving average of $106.68 and a two-hundred day simple moving average of $110.20.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DSGX. BMO Capital Markets lowered their target price on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. Barclays lowered their price target on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Scotiabank upped their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 26th. Finally, StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $119.50.

About The Descartes Systems Group

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.