Blair William & Co. IL Buys 9,457 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blair William & Co. IL lifted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 353,949 shares of the technology company’s stock after acquiring an additional 9,457 shares during the quarter. Blair William & Co. IL owned approximately 0.41% of The Descartes Systems Group worth $34,276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its holdings in The Descartes Systems Group by 18.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,067 shares of the technology company’s stock valued at $877,000 after purchasing an additional 1,443 shares in the last quarter. Wealth Alliance purchased a new position in shares of The Descartes Systems Group during the 2nd quarter valued at $213,000. Dimensional Fund Advisors LP boosted its holdings in The Descartes Systems Group by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 111,351 shares of the technology company’s stock worth $10,784,000 after buying an additional 9,698 shares during the period. Envestnet Asset Management Inc. increased its stake in The Descartes Systems Group by 53.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 250,665 shares of the technology company’s stock worth $24,274,000 after buying an additional 86,998 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in The Descartes Systems Group by 81.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 48,348 shares of the technology company’s stock valued at $4,682,000 after acquiring an additional 21,727 shares during the period. 77.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DSGX has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Raymond James upped their price target on The Descartes Systems Group from $94.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, May 31st. CIBC increased their price objective on shares of The Descartes Systems Group from $101.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. Stephens boosted their target price on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Finally, Barclays lifted their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.00.

The Descartes Systems Group Stock Up 1.1 %

The Descartes Systems Group stock opened at $100.17 on Thursday. The company’s 50-day moving average price is $98.88 and its 200-day moving average price is $95.74. The company has a market cap of $8.55 billion, a PE ratio of 71.55 and a beta of 0.98. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $104.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $160.17 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current fiscal year.

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.