Russell Investments Group Ltd. Increases Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Russell Investments Group Ltd. raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,893 shares of the technology company's stock after purchasing an additional 32,794 shares during the quarter. Russell Investments Group Ltd. owned 0.30% of The Descartes Systems Group worth $21,420,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in The Descartes Systems Group by 497.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 428,279 shares of the technology company's stock worth $36,001,000 after purchasing an additional 356,560 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of The Descartes Systems Group by 14.9% in the 3rd quarter. Mackenzie Financial Corp now owns 1,760,128 shares of the technology company's stock valued at $126,435,000 after acquiring an additional 227,972 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $11,760,000. Fiera Capital Corp raised its holdings in The Descartes Systems Group by 5.6% during the third quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company's stock worth $163,085,000 after acquiring an additional 117,611 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in The Descartes Systems Group by 98.4% during the third quarter. Quadrature Capital Ltd now owns 137,300 shares of the technology company's stock valued at $10,150,000 after purchasing an additional 68,100 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DSGX shares. BMO Capital Markets boosted their price target on The Descartes Systems Group from $88.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $110.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, April 11th. Wolfe Research upgraded shares of The Descartes Systems Group from a "peer perform" rating to an "outperform" rating and set a $95.00 price objective on the stock in a research note on Wednesday, January 10th. William Blair reiterated an "outperform" rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. Finally, Raymond James boosted their price target on The Descartes Systems Group from $84.00 to $94.00 and gave the stock a "market perform" rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $98.44.

The Descartes Systems Group Price Performance

DSGX traded up $0.18 during trading on Friday, hitting $95.48. The stock had a trading volume of 126,398 shares, compared to its average volume of 169,844. The company has a 50 day moving average price of $91.21 and a 200-day moving average price of $85.21. The Descartes Systems Group Inc. has a one year low of $69.59 and a one year high of $96.66. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 71.25 and a beta of 0.91.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company had revenue of $148.20 million during the quarter, compared to the consensus estimate of $146.62 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company's revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

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.