Fiera Capital Corp increased its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 87.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573,855 shares of the technology company’s stock after buying an additional 733,678 shares during the period. Fiera Capital Corp owned 2.07% of The Descartes Systems Group worth $38,223,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jarislowsky Fraser Ltd raised its stake in The Descartes Systems Group by 0.3% in the second quarter. Jarislowsky Fraser Ltd now owns 4,034,182 shares of the technology company’s stock worth $98,004,000 after buying an additional 12,590 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in The Descartes Systems Group by 3.2% in the second quarter. Mawer Investment Management Ltd. now owns 3,827,966 shares of the technology company’s stock worth $93,164,000 after buying an additional 119,191 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in The Descartes Systems Group by 32.6% in the second quarter. Conestoga Capital Advisors LLC now owns 2,118,060 shares of the technology company’s stock worth $51,575,000 after buying an additional 521,220 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in The Descartes Systems Group by 1.7% in the second quarter. Great West Life Assurance Co. Can now owns 2,093,323 shares of the technology company’s stock worth $50,758,000 after buying an additional 34,885 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in The Descartes Systems Group by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,477,900 shares of the technology company’s stock worth $33,844,000 after buying an additional 83,719 shares in the last quarter. 79.10% of the stock is owned by institutional investors.

DSGX has been the subject of a number of research reports. Zacks Investment Research downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Canaccord Genuity increased their price target on shares of The Descartes Systems Group from $26.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. increased their price target on shares of The Descartes Systems Group from $24.50 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Scotiabank increased their price target on shares of The Descartes Systems Group from $24.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, June 1st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price target (up from $25.00) on shares of The Descartes Systems Group in a research note on Thursday, June 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Descartes Systems Group currently has a consensus rating of “Buy” and an average target price of $32.06.

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The Descartes Systems Group Inc. (DSGX) traded down 0.71% during midday trading on Wednesday, hitting $27.80. 24,551 shares of the stock were exchanged. The Descartes Systems Group Inc. has a 12 month low of $20.20 and a 12 month high of $29.25. The company has a market cap of $2.11 billion, a PE ratio of 86.88 and a beta of 0.56. The firm’s 50 day moving average price is $26.81 and its 200 day moving average price is $24.38.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 6th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $57.29 million for the quarter, compared to the consensus estimate of $55.74 million. The Descartes Systems Group had a return on equity of 5.97% and a net margin of 12.06%. On average, equities research analysts forecast that The Descartes Systems Group Inc. will post $0.40 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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