Impact Investors Inc Purchases New Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Impact Investors Inc acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,296 shares of the technology company’s stock, valued at approximately $488,000.

Other hedge funds have also added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its stake in The Descartes Systems Group by 2.8% during the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after acquiring an additional 117 shares during the period. Mather Group LLC. increased its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Allworth Financial LP lifted its position in shares of The Descartes Systems Group by 39.8% in the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after acquiring an additional 182 shares in the last quarter. Assetmark Inc. boosted its stake in The Descartes Systems Group by 3.5% in the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares during the period. Finally, Stephens Inc. AR lifted its stake in The Descartes Systems Group by 2.4% in the 3rd quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 238 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Performance

DSGX opened at $111.13 on Wednesday. The business’s fifty day moving average is $115.35 and its two-hundred day moving average is $109.72. The Descartes Systems Group Inc. has a one year low of $84.83 and a one year high of $124.31. The company has a market cap of $9.51 billion, a price-to-earnings ratio of 69.89 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period last year, the business earned $0.31 earnings per share. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Loop Capital assumed coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. TD Securities boosted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. BMO Capital Markets raised their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Finally, Royal Bank of Canada raised their price target on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Five 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.92.

About The Descartes Systems Group

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.