1,975 Shares in The Descartes Systems Group Inc. (NASDAQ:DSGX) Bought by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich acquired a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,975 shares of the technology company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DSGX. Conestoga Capital Advisors LLC boosted its position in shares of The Descartes Systems Group by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock valued at $326,238,000 after acquiring an additional 52,485 shares during the last quarter. Fiera Capital Corp raised its stake in The Descartes Systems Group by 0.8% in the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after purchasing an additional 19,817 shares in the last quarter. Geneva Capital Management LLC lifted its position in The Descartes Systems Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock valued at $152,037,000 after purchasing an additional 19,002 shares during the last quarter. Franklin Resources Inc. grew its stake in The Descartes Systems Group by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock worth $142,693,000 after buying an additional 40,807 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of The Descartes Systems Group by 389.8% in the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock worth $71,911,000 after buying an additional 556,408 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Loop Capital assumed coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price objective on the stock. Scotiabank raised their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.92.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock opened at $118.69 on Wednesday. The company’s 50 day moving average price is $116.51 and its 200-day moving average price is $108.53. The Descartes Systems Group Inc. has a 52-week low of $84.12 and a 52-week high of $124.31. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 74.65 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group 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.