The Descartes Systems Group Inc. $DSGX Holdings Raised by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in The Descartes Systems Group by 1.4%, owning 3,345,692 shares valued at approximately $336.8 million.
• The Descartes Systems Group's stock has seen mixed analyst ratings, with one sell rating, three hold ratings, and eight buy ratings, leading to a consensus rating of "Moderate Buy."
• Recent earnings showed that The Descartes Systems Group posted earnings per share (EPS) of $0.41, missing estimates, but reported an 11.5% year-over-year revenue growth.

Vanguard Group Inc. grew its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,345,692 shares of the technology company's stock after buying an additional 46,369 shares during the period. Vanguard Group Inc. owned 3.91% of The Descartes Systems Group worth $336,814,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DSGX. Mackenzie Financial Corp increased its stake in shares of The Descartes Systems Group by 130.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock worth $561,827,000 after purchasing an additional 2,800,492 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of The Descartes Systems Group by 8.0% in the 1st quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company's stock valued at $276,705,000 after purchasing an additional 202,973 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of The Descartes Systems Group by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,766,861 shares of the technology company's stock valued at $200,716,000 after acquiring an additional 101,290 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of The Descartes Systems Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 1,467,921 shares of the technology company's stock valued at $148,011,000 after acquiring an additional 8,793 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of The Descartes Systems Group by 1.6% during the 1st quarter. TD Asset Management Inc now owns 913,866 shares of the technology company's stock valued at $92,014,000 after acquiring an additional 14,104 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Down 0.6%

NASDAQ:DSGX traded down $0.6320 during trading hours on Wednesday, reaching $98.1980. 96,408 shares of the company's stock were exchanged, compared to its average volume of 345,062. The company has a market capitalization of $8.43 billion, a P/E ratio of 59.13 and a beta of 0.81. The Descartes Systems Group Inc. has a 12 month low of $92.00 and a 12 month high of $124.31. The business's 50-day simple moving average is $102.32 and its two-hundred day simple moving average is $105.61.

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 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The firm had revenue of $168.74 million during the quarter, compared to analysts' expectations of $169.60 million. During the same quarter last year, the company posted $0.40 EPS. The firm's revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DSGX has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of The Descartes Systems Group from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Morgan Stanley began 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 objective for the company. Royal Bank Of Canada decreased their target price on shares of 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. Finally, Barclays decreased their target price on shares of 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 assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.18.

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.