The Descartes Systems Group Inc. $DSGX Stock: MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Grows Position

Key Points

• MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd increased its Descartes Systems Group stake by 34.8% in the third quarter, bringing its holdings to 45,998 shares valued at approximately $3.72 million.
• Institutional ownership remains high at 77.73%, with several major investors—including Wellington Management, Janus Henderson, and other funds—also adding or initiating positions.
• Descartes reported quarterly revenue of $198.12 million, up 11.8% year over year, and earnings of $0.57 per share. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 34.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,998 shares of the technology company's stock after purchasing an additional 11,884 shares during the quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd's holdings in The Descartes Systems Group were worth $3,719,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in The Descartes Systems Group by 4.1% in the first quarter. Janus Henderson Group PLC now owns 2,574,468 shares of the technology company's stock valued at $184,127,000 after buying an additional 100,937 shares during the period. Jupiter Topco LLC purchased a new stake in The Descartes Systems Group during the second quarter worth approximately $181,742,000. The Manufacturers Life Insurance Company purchased a new stake in The Descartes Systems Group during the second quarter worth approximately $141,403,000. Wellington Management Group LLP increased its position in shares of The Descartes Systems Group by 640.7% in the second quarter. Wellington Management Group LLP now owns 1,363,426 shares of the technology company's stock worth $94,402,000 after acquiring an additional 1,179,345 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of The Descartes Systems Group in the second quarter worth $58,755,000. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $92.36 on Thursday. The stock has a market capitalization of $7.90 billion, a PE ratio of 43.16 and a beta of 0.65. The business's fifty day moving average price is $81.77 and its 200 day moving average price is $74.83. The Descartes Systems Group Inc. has a 12-month low of $62.56 and a 12-month high of $96.30.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Thursday, September 10th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The Descartes Systems Group had a return on equity of 11.66% and a net margin of 24.25%. The firm had revenue of $198.12 million for the quarter, compared to analyst estimates of $197.54 million. During the same period last year, the company earned $0.43 earnings per share. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotia raised their price objective on The Descartes Systems Group from $95.00 to $98.00 and gave the company a "sector outperform" rating in a research report on Friday, September 11th. Weiss Ratings raised The Descartes Systems Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 21st. Scotiabank upped their target price on The Descartes Systems Group from $95.00 to $98.00 and gave the stock a "sector outperform" rating in a research report on Friday, September 11th. Loop Capital reiterated a "buy" rating and issued a $96.00 target price on shares of The Descartes Systems Group in a research note on Thursday, October 8th. Finally, BMO Capital Markets raised their target price on The Descartes Systems Group from $82.00 to $90.00 and gave the company a "market perform" rating in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $100.33.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc is a technology company that provides cloud-based logistics and supply chain management solutions. Its software helps businesses manage and automate transportation, logistics, trade compliance, communications and related processes across complex supply chains.

Descartes' products and services include shipment management, transportation routing and scheduling, fleet and telematics applications, customs and regulatory compliance, electronic invoicing, supply chain visibility, order and inventory management, and logistics messaging.

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