The Descartes Systems Group Inc. $DSGX Holdings Raised by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments raised its stake in The Descartes Systems Group by 92.4% in Q4 to 71,863 shares (worth $6.31M), making the holding about 1.2% of the firm's portfolio and its 29th largest position.
• Descartes beat Q results expectations with EPS of $0.52 versus $0.50 and revenue of $192.37M (up 15.1% year-over-year), and the company has a market cap of $6.14B and a P/E of 38.4.
• Analyst sentiment is largely positive with an average rating of "Moderate Buy" (one Strong Buy, nine Buy, three Hold) and an average price target of $108.64, despite some recent mixed upgrades and downgrades.

Louisbourg Investments Inc. raised its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 92.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,863 shares of the technology company's stock after buying an additional 34,515 shares during the period. The Descartes Systems Group comprises about 1.2% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 29th biggest holding. Louisbourg Investments Inc. owned 0.08% of The Descartes Systems Group worth $6,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in The Descartes Systems Group during the third quarter valued at $27,000. Mather Group LLC. acquired a new position in The Descartes Systems Group in the 3rd quarter worth about $28,000. Danske Bank A S acquired a new position in The Descartes Systems Group in the 3rd quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of The Descartes Systems Group during the 3rd quarter worth about $40,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company's stock worth $52,000 after purchasing an additional 401 shares in the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on DSGX. Zacks Research cut The Descartes Systems Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. TD Securities raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Friday, December 5th. Barclays reduced their target price on shares of The Descartes Systems Group from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Thursday, March 12th. Weiss Ratings reissued a "hold (c)" rating on shares of The Descartes Systems Group in a research report on Monday, December 29th. Finally, Raymond James Financial upgraded shares of The Descartes Systems Group from a "market perform" rating to an "outperform" rating and set a $118.00 price target on the stock in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $108.64.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $71.42 on Friday. The stock's 50 day simple moving average is $70.18 and its 200 day simple moving average is $83.12. The Descartes Systems Group Inc. has a twelve month low of $62.56 and a twelve month high of $117.35. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 38.40 and a beta of 0.71.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, March 11th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The Descartes Systems Group had a return on equity of 10.70% and a net margin of 22.47%.The firm had revenue of $192.37 million during the quarter, compared to analysts' expectations of $188.09 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The company's revenue was up 15.1% on a year-over-year basis. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc NASDAQ: DSGX is a global provider of cloud-based logistics and supply chain management solutions. The company's software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes' modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.

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