Public Sector Pension investment Board trimmed its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 424,366 shares of the technology company’s stock after selling 48,300 shares during the period. Public Sector Pension investment Board owned approximately 0.56% of The Descartes Systems Group worth $10,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jarislowsky Fraser Ltd raised its holdings in shares of The Descartes Systems Group by 0.3% during the second quarter. Jarislowsky Fraser Ltd now owns 4,034,182 shares of the technology company’s stock valued at $98,004,000 after purchasing an additional 12,590 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of The Descartes Systems Group by 3.2% during the second quarter. Mawer Investment Management Ltd. now owns 3,827,966 shares of the technology company’s stock valued at $93,164,000 after purchasing an additional 119,191 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of The Descartes Systems Group by 32.6% during the second quarter. Conestoga Capital Advisors LLC now owns 2,118,060 shares of the technology company’s stock valued at $51,575,000 after purchasing an additional 521,220 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of The Descartes Systems Group by 1.7% during the second quarter. Great West Life Assurance Co. Can now owns 2,093,323 shares of the technology company’s stock valued at $50,758,000 after purchasing an additional 34,885 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of The Descartes Systems Group by 87.3% during the second quarter. Fiera Capital Corp now owns 1,573,855 shares of the technology company’s stock valued at $38,223,000 after purchasing an additional 733,678 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on DSGX shares. Zacks Investment Research raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, June 8th. TD Securities reissued a “buy” rating and set a $29.00 price objective (up from $25.00) on shares of The Descartes Systems Group in a report on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and set a $26.00 price objective on shares of The Descartes Systems Group in a report on Thursday, May 25th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $27.00 price objective (up from $25.00) on shares of The Descartes Systems Group in a report on Thursday, June 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The Descartes Systems Group has an average rating of “Buy” and a consensus target price of $32.06.

Shares of The Descartes Systems Group Inc. (NASDAQ DSGX) opened at 27.65 on Friday. The Descartes Systems Group Inc. has a one year low of $20.20 and a one year high of $29.25. The stock has a market capitalization of $2.12 billion, a PE ratio of 81.32 and a beta of 0.56. The firm’s 50-day moving average is $27.26 and its 200-day moving average is $24.65.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced 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 Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. The business had revenue of $57.29 million for the quarter, compared to analyst estimates of $55.74 million. On average, analysts expect that The Descartes Systems Group Inc. will post $0.40 earnings per share for the current fiscal year.

WARNING: This article was reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/22/public-sector-pension-investment-board-decreases-stake-in-the-descartes-systems-group-inc-dsgx.html.

About The Descartes Systems Group

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)

Receive News & Ratings for The Descartes Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.