MinichMacGregor Wealth Management LLC Acquires 915 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

MinichMacGregor Wealth Management LLC raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,062 shares of the technology company’s stock after acquiring an additional 915 shares during the quarter. The Descartes Systems Group comprises approximately 2.0% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 16th largest position. MinichMacGregor Wealth Management LLC’s holdings in The Descartes Systems Group were worth $9,663,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont bought a new stake in The Descartes Systems Group during the fourth quarter worth approximately $54,000. GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after buying an additional 587 shares during the period. Avanza Fonder AB acquired a new position in The Descartes Systems Group in the 4th quarter valued at $118,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in The Descartes Systems Group by 28.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after acquiring an additional 279 shares during the period. 77.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. Loop Capital started 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 for the company. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada boosted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $117.92.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $120.41 on Thursday. The Descartes Systems Group Inc. has a 52 week low of $84.12 and a 52 week high of $122.88. The company has a market capitalization of $10.30 billion, a PE ratio of 75.73 and a beta of 0.99. The company’s fifty day moving average is $115.69 and its 200-day moving average is $106.75.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $0.31 EPS. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.64 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.