Louisbourg Investments Inc. Grows Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Louisbourg Investments Inc. lifted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 260.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,335 shares of the technology company's stock after purchasing an additional 13,245 shares during the quarter. Louisbourg Investments Inc.'s holdings in The Descartes Systems Group were worth $1,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in The Descartes Systems Group by 14.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after buying an additional 108 shares during the last quarter. GeoWealth Management LLC increased its position in shares of The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after acquiring an additional 132 shares in the last quarter. Shell Asset Management Co. raised its holdings in The Descartes Systems Group by 1.8% in the 4th quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company's stock worth $1,104,000 after acquiring an additional 172 shares during the last quarter. Allworth Financial LP lifted its position in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after acquiring an additional 182 shares in the last quarter. Finally, Vista Finance LLC boosted its stake in The Descartes Systems Group by 7.0% during the 1st quarter. Vista Finance LLC now owns 3,119 shares of the technology company's stock valued at $314,000 after purchasing an additional 203 shares during the last quarter. Institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 0.3%

NASDAQ DSGX traded up $0.25 during trading hours on Friday, hitting $99.22. 315,191 shares of the company's stock traded hands, compared to its average volume of 227,906. The Descartes Systems Group Inc. has a 52 week low of $90.61 and a 52 week high of $124.31. The firm has a market capitalization of $8.49 billion, a P/E ratio of 59.77 and a beta of 0.87. The business's fifty day moving average price is $107.00 and its two-hundred day moving average price is $109.64.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The business had revenue of $168.74 million for the quarter, compared to analysts' expectations of $169.60 million. The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%. The company's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DSGX has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price target on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, June 5th. Stephens decreased their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Scotiabank upped their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. CIBC reduced their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets decreased their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.40.

The Descartes Systems Group Company 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.