Northwest & Ethical Investments L.P. Acquires 19,938 Shares of The Descartes Systems Group Inc. $DSGX

Key Points

• Northwest & Ethical Investments L.P. increased its stake in The Descartes Systems Group Inc. by 84.5%, owning 43,521 shares valued at $4,385,000 as of the latest reporting period.
• The company reported a quarterly earnings per share (EPS) of $0.41, missing expectations, with a net margin of 21.67% and year-over-year revenue growth of 11.5%.
• Analysts have mixed views on the stock, with price targets ranging from $108.00 to $126.00, and a consensus rating of "Moderate Buy" with a target price of $122.18.

Northwest & Ethical Investments L.P. boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 84.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,521 shares of the technology company's stock after acquiring an additional 19,938 shares during the period. Northwest & Ethical Investments L.P. owned 0.05% of The Descartes Systems Group worth $4,385,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in The Descartes Systems Group in the first quarter valued at $25,000. GeoWealth Management LLC lifted its position in 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 buying an additional 132 shares during the period. Cullen Frost Bankers Inc. purchased a new position in The Descartes Systems Group during the first quarter valued at $49,000. Optiver Holding B.V. purchased a new position in The Descartes Systems Group during the fourth quarter valued at $66,000. Finally, Johnson Financial Group Inc. lifted its position in The Descartes Systems Group by 830.9% during the fourth quarter. Johnson Financial Group Inc. now owns 875 shares of the technology company's stock valued at $101,000 after buying an additional 781 shares during the period. Institutional investors own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DSGX. Royal Bank Of Canada lowered their price objective on The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, June 5th. Wall Street Zen lowered The Descartes Systems Group from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Morgan Stanley began coverage on The Descartes Systems Group in a research report on Monday, July 14th. They set an "equal weight" rating and a $110.00 price objective for the company. Finally, Barclays lowered their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a research report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Stock Performance

Shares of DSGX traded up $2.32 during trading hours on Friday, hitting $101.37. The company had a trading volume of 540,517 shares, compared to its average volume of 432,960. The firm has a fifty day moving average price of $102.32 and a 200-day moving average price of $105.34. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 61.07 and a beta of 0.81. The Descartes Systems Group Inc. has a 52-week low of $92.00 and a 52-week high of $124.31.

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

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.