The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC lifted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,468,407 shares of the technology company’s stock after buying an additional 6,497 shares during the period. The Descartes Systems Group comprises about 2.3% of Geneva Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Geneva Capital Management LLC’s holdings in The Descartes Systems Group were worth $123,434,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Operose Advisors LLC acquired a new position in The Descartes Systems Group in the 3rd quarter worth about $35,000. Signaturefd LLC increased its holdings in The Descartes Systems Group by 26.7% in the 3rd quarter. Signaturefd LLC now owns 697 shares of the technology company’s stock worth $51,000 after purchasing an additional 147 shares in the last quarter. Federated Hermes Inc. acquired a new position in The Descartes Systems Group in the 3rd quarter worth about $64,000. SG Americas Securities LLC acquired a new position in The Descartes Systems Group in the 4th quarter worth about $209,000. Finally, Intellectus Partners LLC bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.2 %

DSGX stock traded up $0.18 during trading on Thursday, reaching $97.78. 101,393 shares of the stock were exchanged, compared to its average volume of 169,603. The firm has a market cap of $8.34 billion, a P/E ratio of 72.97 and a beta of 0.91. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $98.20. The firm’s 50 day moving average is $91.87 and its 200 day moving average is $85.79.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. The firm had revenue of $148.20 million during the quarter, compared to the consensus estimate of $146.62 million. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, analysts predict that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DSGX shares. Wolfe Research upgraded The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Wednesday, January 10th. William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st. Scotiabank upped their target price on The Descartes Systems Group from $95.00 to $100.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 7th. CIBC upgraded The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and upped their target price for the company from $96.50 to $101.00 in a research report on Tuesday, April 16th. Finally, TD Securities upped their target price on The Descartes Systems Group from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.44.

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.