Mount Yale Investment Advisors LLC Invests $797,000 in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Mount Yale Investment Advisors LLC bought a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,233 shares of the technology company’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also bought and sold shares of DSGX. Assetmark Inc. raised its stake in The Descartes Systems Group by 640.9% in the fourth quarter. Assetmark Inc. now owns 4,816 shares of the technology company’s stock worth $405,000 after buying an additional 4,166 shares in the last quarter. Hsbc Holdings PLC grew its stake in The Descartes Systems Group by 447.2% in the fourth quarter. Hsbc Holdings PLC now owns 71,915 shares of the technology company’s stock worth $6,037,000 after purchasing an additional 58,773 shares during the period. TD Asset Management Inc raised its holdings in The Descartes Systems Group by 10.5% in the fourth quarter. TD Asset Management Inc now owns 772,483 shares of the technology company’s stock worth $65,201,000 after purchasing an additional 73,410 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in shares of The Descartes Systems Group by 0.3% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 51,532 shares of the technology company’s stock valued at $4,332,000 after buying an additional 173 shares in the last quarter. Finally, Scotia Capital Inc. grew its position in shares of The Descartes Systems Group by 6.8% in the 4th quarter. Scotia Capital Inc. now owns 34,715 shares of the technology company’s stock worth $2,901,000 after buying an additional 2,222 shares during the period. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $103.55 on Tuesday. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $104.71. The business’s 50 day moving average is $98.98 and its two-hundred day moving average is $96.10. The stock has a market capitalization of $8.84 billion, a P/E ratio of 73.96 and a beta of 0.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DSGX shares. Barclays upped their price objective on The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research report on Thursday, September 5th. TD Securities boosted their price objective on shares of The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. CIBC lifted their target price on shares of The Descartes Systems Group from $101.00 to $108.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Stephens increased their price target on The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

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.