Empowered Funds LLC Purchases 5,880 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Empowered Funds LLC boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,752 shares of the technology company's stock after acquiring an additional 5,880 shares during the period. Empowered Funds LLC's holdings in The Descartes Systems Group were worth $2,812,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning raised its holdings in The Descartes Systems Group by 33.5% in the third quarter. Creative Planning now owns 17,036 shares of the technology company's stock worth $1,754,000 after buying an additional 4,274 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in The Descartes Systems Group by 52.5% in the third quarter. Vontobel Holding Ltd. now owns 210,280 shares of the technology company's stock worth $21,636,000 after buying an additional 72,435 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in The Descartes Systems Group by 5.7% in the third quarter. Ellsworth Advisors LLC now owns 5,748 shares of the technology company's stock worth $592,000 after buying an additional 308 shares during the last quarter. Blue Trust Inc. raised its holdings in The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after buying an additional 587 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in The Descartes Systems Group by 8.2% in the third quarter. Whittier Trust Co. now owns 9,216 shares of the technology company's stock worth $949,000 after buying an additional 701 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Loop Capital assumed coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price for the company. Scotiabank lifted their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a report on Wednesday, December 4th. Stephens upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Saturday, February 1st. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Barclays upgraded shares of The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average price target of $117.92.

The Descartes Systems Group Trading Down 0.2 %

NASDAQ DSGX traded down $0.24 during trading hours on Monday, hitting $116.54. 172,250 shares of the company's stock traded hands, compared to its average volume of 188,525. The business's fifty day moving average price is $116.19 and its two-hundred day moving average price is $108.96. The firm has a market capitalization of $9.97 billion, a P/E ratio of 73.30 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the prior year, the business earned $0.31 EPS. On average, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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.