Blue Trust Inc. Purchases 587 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blue Trust Inc. raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 931.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 650 shares of the technology company’s stock after purchasing an additional 587 shares during the period. Blue Trust Inc.’s holdings in The Descartes Systems Group were worth $63,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group in the first quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. increased its stake in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. Intact Investment Management Inc. bought a new stake in The Descartes Systems Group in the second quarter valued at approximately $61,000. Andra AP fonden bought a new stake in The Descartes Systems Group in the second quarter valued at approximately $77,000. Finally, Park Place Capital Corp increased its stake in The Descartes Systems Group by 31.6% in the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DSGX. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Barclays increased their price objective on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research report on Thursday, September 5th. Finally, BMO Capital Markets increased their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $106.17.

The Descartes Systems Group Price Performance

Shares of DSGX stock opened at $106.47 on Thursday. The stock has a market cap of $9.09 billion, a P/E ratio of 76.67 and a beta of 0.97. The company has a fifty day moving average price of $101.88 and a two-hundred day moving average price of $98.40. The Descartes Systems Group Inc. has a one year low of $70.92 and a one year high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS 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.