The Descartes Systems Group Inc. $DSGX Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 218,570 shares of the technology company’s stock after buying an additional 10,918 shares during the quarter. Stephens Investment Management Group LLC owned about 0.25% of The Descartes Systems Group worth $15,641,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DSGX. Quarry LP purchased a new position in The Descartes Systems Group in the third quarter worth approximately $27,000. Danske Bank A S purchased a new stake in The Descartes Systems Group in the third quarter valued at $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of The Descartes Systems Group in the 3rd quarter valued at $40,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of The Descartes Systems Group by 267.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after purchasing an additional 401 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of The Descartes Systems Group by 269.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 779 shares of the technology company’s stock worth $68,000 after purchasing an additional 568 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DSGX shares. Loop Capital reissued a “buy” rating and set a $96.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, June 4th. Canadian Imperial Bank of Commerce upped their target price on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Barclays lowered their target price on shares of The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. BMO Capital Markets dropped their price target on shares of The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating for the company in a research report on Thursday, March 12th. Finally, Raymond James Financial reduced their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.17.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $72.79 on Monday. The Descartes Systems Group Inc. has a twelve month low of $62.56 and a twelve month high of $109.00. The stock has a fifty day simple moving average of $71.38 and a 200-day simple moving average of $74.08. The stock has a market capitalization of $6.24 billion, a PE ratio of 36.40 and a beta of 0.64.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The firm had revenue of $166.96 million for the quarter, compared to analyst estimates of $193.57 million. During the same quarter in the prior year, the company earned $0.41 EPS. The Descartes Systems Group’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts predict that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current year.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.