Reynders McVeigh Capital Management LLC Buys 4,000 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Reynders McVeigh Capital Management LLC boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,330 shares of the technology company's stock after purchasing an additional 4,000 shares during the period. Reynders McVeigh Capital Management LLC owned about 0.06% of The Descartes Systems Group worth $5,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. raised its position in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after buying an additional 181 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in The Descartes Systems Group during the fourth quarter valued at approximately $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group in the 4th quarter worth $54,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of The Descartes Systems Group during the 4th quarter worth $57,000. Finally, GAMMA Investing LLC grew its position in The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after acquiring an additional 495 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Scotiabank upped their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 26th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. BMO Capital Markets decreased their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research report on Friday, March 28th. Finally, Barclays lowered their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group currently has an average rating of "Moderate Buy" and a consensus price target of $119.50.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock traded down $0.78 on Friday, hitting $102.32. 135,800 shares of the company's stock were exchanged, compared to its average volume of 208,018. The company has a 50-day simple moving average of $104.73 and a 200-day simple moving average of $110.12. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year high of $124.31. The stock has a market capitalization of $8.76 billion, a PE ratio of 64.35 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

The Descartes Systems Group 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.