Intellectus Partners LLC Purchases Shares of 2,705 The Descartes Systems Group Inc. (NASDAQ:DSGX)

Intellectus Partners LLC purchased a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,705 shares of the technology company’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Operose Advisors LLC acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at $35,000. Signaturefd LLC raised its position in The Descartes Systems Group by 26.7% during the 3rd quarter. Signaturefd LLC now owns 697 shares of the technology company’s stock worth $51,000 after buying an additional 147 shares during the last quarter. Federated Hermes Inc. acquired a new stake in The Descartes Systems Group during the 3rd quarter valued at approximately $64,000. SG Americas Securities LLC purchased a new stake in shares of The Descartes Systems Group in the 4th quarter valued at $209,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of The Descartes Systems Group by 19.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,107 shares of the technology company’s stock worth $228,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $93.77 on Tuesday. The stock has a 50 day moving average price of $90.52 and a 200 day moving average price of $84.79. The Descartes Systems Group Inc. has a one year low of $69.59 and a one year high of $96.10. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 69.98 and a beta of 0.94.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.62 million. During the same period in the prior year, the business earned $0.34 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, analysts predict that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Analysts Set New Price Targets

DSGX has been the subject of a number of recent research reports. Scotiabank lifted their price objective on The Descartes Systems Group from $95.00 to $100.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 7th. TD Securities upped their price objective on The Descartes Systems Group from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $110.00 target price on shares of The Descartes Systems Group in a report on Thursday, April 11th. Stephens increased their price target on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Finally, Raymond James lifted their price objective on shares of The Descartes Systems Group from $84.00 to $94.00 and gave the company a “market perform” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.44.

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.