Crown Oak Advisors LLC Invests $4.36 Million in The Descartes Systems Group Inc. $DSGX

Key Points

• Crown Oak Advisors LLC has invested approximately $4.36 million in The Descartes Systems Group, acquiring 42,857 shares, which constitutes 2.1% of its portfolio.
• Recent analyst ratings have set a consensus target price of $123.44 for The Descartes Systems Group, with six analysts rating it as a Buy and four as Hold.
• The company's latest earnings report showed a 10% year-over-year revenue increase, but it missed the earnings per share estimate by $0.06.

Crown Oak Advisors LLC acquired a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,857 shares of the technology company's stock, valued at approximately $4,356,000. The Descartes Systems Group comprises 2.1% of Crown Oak Advisors LLC's portfolio, making the stock its 16th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Argent Capital Management LLC lifted its stake in shares of The Descartes Systems Group by 1.3% in the 2nd quarter. Argent Capital Management LLC now owns 58,936 shares of the technology company's stock worth $5,991,000 after purchasing an additional 781 shares during the period. Capital CS Group LLC raised its stake in shares of The Descartes Systems Group by 34.9% in the second quarter. Capital CS Group LLC now owns 3,293 shares of the technology company's stock worth $335,000 after buying an additional 852 shares during the period. GAMMA Investing LLC raised its stake in shares of The Descartes Systems Group by 23.2% in the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock worth $63,000 after buying an additional 117 shares during the period. Mn Services Vermogensbeheer B.V. lifted its position in shares of The Descartes Systems Group by 4.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 31,500 shares of the technology company's stock valued at $3,193,000 after buying an additional 1,300 shares in the last quarter. Finally, Channel Wealth LLC bought a new position in shares of The Descartes Systems Group during the 2nd quarter valued at approximately $308,000. Institutional investors own 77.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DSGX shares. Morgan Stanley initiated coverage on shares of The Descartes Systems Group in a research note on Monday, July 14th. They set an "equal weight" rating and a $110.00 target price on the stock. Barclays reduced their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a research note on Thursday, June 5th. Royal Bank Of Canada lowered their target price on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, June 5th. Zacks Research raised shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised The Descartes Systems Group from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.44.

The Descartes Systems Group Stock Down 1.4%

The Descartes Systems Group stock opened at $94.94 on Friday. The company's 50-day moving average price is $102.25 and its 200-day moving average price is $103.60. The company has a market cap of $8.16 billion, a PE ratio of 56.18 and a beta of 0.80. The Descartes Systems Group Inc. has a twelve month low of $92.00 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, sell-side analysts expect 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.

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