The Descartes Systems Group Inc. $DSGX Stock Bought by MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,998 shares of the technology company’s stock after buying an additional 11,884 shares during the quarter. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in The Descartes Systems Group were worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group during the 2nd quarter worth about $33,000. Keating Financial Advisory Services Inc. acquired a new stake in The Descartes Systems Group in the 2nd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its holdings in The Descartes Systems Group by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock valued at $39,000 after buying an additional 200 shares during the last quarter. Allworth Financial LP bought a new position in The Descartes Systems Group in the 2nd quarter worth approximately $49,000. Finally, Parallel Advisors LLC increased its position in The Descartes Systems Group by 124.7% in the 1st quarter. Parallel Advisors LLC now owns 755 shares of the technology company’s stock worth $54,000 after buying an additional 419 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 0.2%

DSGX stock opened at $92.36 on Thursday. The company has a market cap of $7.90 billion, a P/E ratio of 43.16 and a beta of 0.65. The Descartes Systems Group Inc. has a twelve month low of $62.56 and a twelve month high of $96.30. The business has a fifty day moving average of $81.77 and a 200-day moving average of $74.83.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Thursday, September 10th. The technology company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.66%. The business had revenue of $198.12 million for the quarter, compared to analyst estimates of $197.54 million. During the same period in the prior year, the business posted $0.43 earnings per share. The Descartes Systems Group’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DSGX. National Bank Financial raised their price objective on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, September 14th. Royal Bank Of Canada set a $125.00 target price on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Friday, September 4th. Scotia increased their price target on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the company a “sector outperform” rating in a report on Friday, September 11th. Weiss Ratings upgraded shares of The Descartes Systems Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 21st. Finally, Scotiabank raised their price target on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Friday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

The Descartes Systems Group Profile

The Descartes Systems Group Inc is a technology company that provides cloud-based logistics and supply chain management solutions. Its software helps businesses manage and automate transportation, logistics, trade compliance, communications and related processes across complex supply chains.

Descartes’ products and services include shipment management, transportation routing and scheduling, fleet and telematics applications, customs and regulatory compliance, electronic invoicing, supply chain visibility, order and inventory management, and logistics messaging.