Louisbourg Investments Inc. Has $3.36 Million Stake in The Descartes Systems Group Inc. $DSGX

Key Points

• Louisbourg Investments Inc. increased its stake in The Descartes Systems Group by 80.9%, bringing its total holdings to 33,166 shares, valued at approximately $3.36 million.
• The Descartes Systems Group's stock recently dropped 1.7% and is currently trading at $95.48, with a twelve-month price range between $91.00 and $124.31.
• The company reported quarterly earnings of $0.43 per share, missing analysts' expectations of $0.49, despite a 10% year-over-year revenue growth to $178.98 million.

Louisbourg Investments Inc. raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 80.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,166 shares of the technology company's stock after buying an additional 14,831 shares during the period. Louisbourg Investments Inc.'s holdings in The Descartes Systems Group were worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at approximately $49,000. Parallel Advisors LLC grew its stake 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 purchasing an additional 152 shares during the last quarter. GAMMA Investing LLC grew its stake 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 valued at $63,000 after purchasing an additional 117 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in The Descartes Systems Group in the first quarter valued at approximately $141,000. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Down 1.7%

Shares of NASDAQ DSGX opened at $95.48 on Friday. The Descartes Systems Group Inc. has a twelve month low of $91.00 and a twelve month high of $124.31. The company's fifty day moving average is $100.01 and its 200-day moving average is $103.17. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 56.50 and a beta of 0.77.

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 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company's revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DSGX shares. TD Securities started coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They issued a "buy" rating and a $121.00 price objective on the stock. Wall Street Zen raised shares of The Descartes Systems Group from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. TD Cowen reaffirmed a "buy" rating and issued a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday, October 3rd. Morgan Stanley started coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They set an "equal weight" rating and a $110.00 price target on the stock. Finally, Zacks Research raised shares of The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.80.

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.

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