Blair William & Co. IL grew its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,415 shares of the technology company's stock after acquiring an additional 9,174 shares during the quarter. Blair William & Co. IL owned about 0.41% of The Descartes Systems Group worth $35,821,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of DSGX. NBC Securities Inc. acquired a new stake in The Descartes Systems Group in the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new position in shares of The Descartes Systems Group in the first quarter valued at $49,000. Parallel Advisors LLC grew its holdings in shares of The Descartes Systems Group by 35.1% during the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company's stock valued at $59,000 after buying an additional 152 shares during the last quarter. GAMMA Investing LLC increased its position in shares of The Descartes Systems Group by 23.2% during the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock worth $63,000 after acquiring an additional 117 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of The Descartes Systems Group in the 1st quarter worth about $141,000. 77.73% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on DSGX. Zacks Research upgraded The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. TD Securities assumed coverage on The Descartes Systems Group in a research report on Friday, October 3rd. They set a "buy" rating and a $121.00 target price on the stock. Morgan Stanley started coverage on The Descartes Systems Group in a research report on Monday, July 14th. They issued an "equal weight" rating and a $110.00 price target for the company. Wall Street Zen raised shares of The Descartes Systems Group from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of The Descartes Systems Group in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.80.
Read Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Trading Down 0.2%
Shares of The Descartes Systems Group stock opened at $97.12 on Friday. The business's fifty day simple moving average is $100.19 and its 200 day simple moving average is $103.24. The Descartes Systems Group Inc. has a 12 month low of $91.00 and a 12 month high of $124.31. The firm has a market capitalization of $8.35 billion, a P/E ratio of 57.47 and a beta of 0.77.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The business had revenue of $178.98 million during the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
The Descartes Systems Group Company Profile
(
Free Report)
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.
Further Reading
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