Segall Bryant & Hamill LLC Buys 5,608 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Segall Bryant & Hamill LLC increased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,553 shares of the technology company's stock after acquiring an additional 5,608 shares during the period. Segall Bryant & Hamill LLC owned about 0.51% of The Descartes Systems Group worth $45,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Descartes Systems Group by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company's stock valued at $695,864,000 after purchasing an additional 278,796 shares during the last quarter. Conestoga Capital Advisors LLC grew its stake in The Descartes Systems Group by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock worth $326,238,000 after acquiring an additional 52,485 shares in the last quarter. Vanguard Group Inc. lifted its position in The Descartes Systems Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company's stock valued at $287,188,000 after acquiring an additional 40,897 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock worth $265,692,000 after purchasing an additional 19,817 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company's stock valued at $206,807,000 after purchasing an additional 91,301 shares during the period. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX traded down $0.51 during trading on Wednesday, hitting $113.10. The company's stock had a trading volume of 100,458 shares, compared to its average volume of 152,551. The Descartes Systems Group Inc. has a fifty-two week low of $79.21 and a fifty-two week high of $117.24. The company has a market capitalization of $9.67 billion, a PE ratio of 76.76 and a beta of 0.97. The business has a 50 day moving average price of $105.58 and a two-hundred day moving average price of $100.36.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $163.43 million for the quarter, compared to analysts' expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. 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 business earned $0.32 EPS. As a group, equities analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price 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. StockNews.com raised shares of The Descartes Systems Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the company an "outperform" rating in a research note on Thursday, September 26th. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the company a "buy" rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 target price on shares of The Descartes Systems Group in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, The Descartes Systems Group has an average rating of "Moderate Buy" and an average price target of $109.25.

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.