Voya Investment Management LLC Invests $1.93 Million in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Voya Investment Management LLC purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,970 shares of the technology company's stock, valued at approximately $1,928,000.

Several other large investors have also recently bought and sold shares of the business. Mather Group LLC. grew its holdings in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after acquiring an additional 181 shares during the period. GeoWealth Management LLC raised its holdings in shares of The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in The Descartes Systems Group during the 4th quarter worth $57,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

NASDAQ:DSGX traded down $0.86 during trading hours on Friday, hitting $107.85. The company had a trading volume of 91,523 shares, compared to its average volume of 284,946. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The stock has a 50-day moving average price of $102.23 and a 200 day moving average price of $110.24. The company has a market capitalization of $9.23 billion, a PE ratio of 67.83 and a beta of 0.88.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DSGX shares. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Stephens cut their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Barclays reduced their target price on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Finally, CIBC dropped their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.50.

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.