Blair William & Co. IL Has $37.03 Million Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blair William & Co. IL increased its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 325,958 shares of the technology company’s stock after acquiring an additional 11,560 shares during the quarter. Blair William & Co. IL’s holdings in The Descartes Systems Group were worth $37,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. boosted its position in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares during the period. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group in the 4th quarter valued at about $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the 4th quarter valued at about $54,000. GAMMA Investing LLC lifted its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after acquiring an additional 495 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $57,000. Institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DSGX shares. TD Securities increased their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Barclays lowered their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC lowered their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Scotiabank boosted their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.50.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $101.63 on Friday. The firm has a 50 day simple moving average of $110.67 and a two-hundred day simple moving average of $110.20. The company has a market cap of $8.70 billion, a P/E ratio of 63.92 and a beta of 0.99. The Descartes Systems Group Inc. has a one year low of $87.20 and a one year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The business had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. On average, analysts expect that The Descartes Systems Group Inc. will post 1.64 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.