Royce & Associates LP Sells 6,500 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Royce & Associates LP lowered its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,957 shares of the technology company's stock after selling 6,500 shares during the period. Royce & Associates LP owned about 0.05% of The Descartes Systems Group worth $4,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DSGX. Bessemer Group Inc. boosted its holdings in The Descartes Systems Group by 7.0% during the first quarter. Bessemer Group Inc. now owns 169,541 shares of the technology company's stock worth $15,517,000 after buying an additional 11,025 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in shares of The Descartes Systems Group during the 2nd quarter worth $527,000. Acadian Asset Management LLC grew its holdings in shares of The Descartes Systems Group by 527.7% in the 1st quarter. Acadian Asset Management LLC now owns 59,000 shares of the technology company's stock worth $5,398,000 after acquiring an additional 49,600 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of The Descartes Systems Group by 7.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 280,232 shares of the technology company's stock worth $25,650,000 after purchasing an additional 20,230 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in shares of The Descartes Systems Group during the third quarter valued at $2,308,000. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DSGX shares. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a "buy" rating in a report on Thursday, September 5th. BMO Capital Markets upped their price target on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a "market perform" rating in a research report on Thursday, September 5th. National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Wednesday, September 25th. 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. Finally, Barclays raised The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $88.00 to $125.00 in a research report on Friday. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.25.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock traded up $0.98 during trading on Tuesday, reaching $113.61. The company's stock had a trading volume of 133,999 shares, compared to its average volume of 152,809. The Descartes Systems Group Inc. has a one year low of $79.21 and a one year high of $117.24. The firm has a market cap of $9.71 billion, a price-to-earnings ratio of 76.76 and a beta of 0.97. The business's fifty day moving average price is $105.58 and its 200-day moving average price is $100.36.

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