Blair William & Co. IL Acquires 11,560 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blair William & Co. IL raised its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 325,958 shares of the technology company’s stock after acquiring an additional 11,560 shares during the period. Blair William & Co. IL owned approximately 0.38% of The Descartes Systems Group worth $37,029,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DSGX. Mather Group LLC. increased its holdings in The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at about $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $54,000. GAMMA Investing LLC boosted its stake in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after acquiring an additional 495 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DSGX. BMO Capital Markets reduced their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. CIBC dropped their price target on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Stephens decreased their price objective on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Finally, Scotiabank raised their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and an average target price of $120.50.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $101.63 on Friday. The Descartes Systems Group Inc. has a 52-week low of $87.20 and a 52-week high of $124.31. The company has a market cap of $8.70 billion, a P/E ratio of 63.92 and a beta of 0.99. The stock’s 50-day simple moving average is $110.67 and its 200 day simple moving average is $110.20.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group 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.