Segall Bryant & Hamill LLC Has $50.87 Million Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Segall Bryant & Hamill LLC lifted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 447,808 shares of the technology company's stock after buying an additional 9,255 shares during the period. The Descartes Systems Group accounts for approximately 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 20th biggest position. Segall Bryant & Hamill LLC owned 0.52% of The Descartes Systems Group worth $50,871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DSGX. EverSource Wealth Advisors LLC boosted its holdings in shares of The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after acquiring an additional 108 shares during the period. Mather Group LLC. lifted its position in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Allworth Financial LP boosted its stake in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after purchasing an additional 182 shares during the period. Northwest & Ethical Investments L.P. grew its position in The Descartes Systems Group by 1.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock worth $2,677,000 after purchasing an additional 222 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of The Descartes Systems Group by 2.8% in the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 77.73% of the company's stock.

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Analysts Set New Price Targets

DSGX has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on 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. Stephens decreased their price target on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. TD Securities lifted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Scotiabank increased their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research report on Wednesday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $130.00 price target on shares of The Descartes Systems Group in a research report on Friday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average price target of $120.50.

The Descartes Systems Group Stock Down 1.4 %

The Descartes Systems Group stock traded down $1.39 during mid-day trading on Friday, hitting $100.24. The company's stock had a trading volume of 206,101 shares, compared to its average volume of 196,292. The stock has a market capitalization of $8.58 billion, a P/E ratio of 63.04 and a beta of 0.99. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The stock's fifty day moving average price is $110.36 and its two-hundred day moving average price is $110.33.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting 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%. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.