The Descartes Systems Group Inc. $DSGX Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 218,570 shares of the technology company’s stock after acquiring an additional 10,918 shares during the quarter. Stephens Investment Management Group LLC’s holdings in The Descartes Systems Group were worth $15,641,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. AXA S.A. increased its position in shares of The Descartes Systems Group by 2.0% during the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after acquiring an additional 130 shares during the period. Reynders McVeigh Capital Management LLC boosted its holdings in The Descartes Systems Group by 0.3% in the third quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock valued at $5,207,000 after purchasing an additional 140 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in The Descartes Systems Group by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock valued at $368,000 after purchasing an additional 143 shares during the period. PCJ Investment Counsel Ltd. grew its stake in The Descartes Systems Group by 0.3% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 48,080 shares of the technology company’s stock worth $4,529,000 after purchasing an additional 150 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in The Descartes Systems Group by 18.7% during the 4th quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock worth $92,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

DSGX has been the topic of a number of analyst reports. Weiss Ratings lowered The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Canaccord Genuity Group lowered their price objective on The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Loop Capital restated a “buy” rating and set a $96.00 target price on shares of The Descartes Systems Group in a research note on Thursday, June 4th. Zacks Research cut shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $72.79 on Monday. The business has a 50-day moving average of $71.38 and a two-hundred day moving average of $74.08. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 36.40 and a beta of 0.64. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, June 3rd. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The business had revenue of $166.96 million for the quarter, compared to the consensus estimate of $193.57 million. During the same quarter in the prior year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current year.

About The Descartes Systems Group

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.