Louisbourg Investments Inc. Has $3.36 Million Position in The Descartes Systems Group Inc. $DSGX

Louisbourg Investments Inc. raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 80.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,166 shares of the technology company’s stock after buying an additional 14,831 shares during the period. Louisbourg Investments Inc.’s holdings in The Descartes Systems Group were worth $3,363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in The Descartes Systems Group by 15.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,134,467 shares of the technology company’s stock valued at $719,370,000 after buying an additional 936,718 shares during the last quarter. Vanguard Group Inc. increased its stake in The Descartes Systems Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company’s stock valued at $336,814,000 after buying an additional 46,369 shares during the last quarter. Fiera Capital Corp increased its stake in The Descartes Systems Group by 8.0% in the 1st quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company’s stock valued at $276,705,000 after buying an additional 202,973 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in The Descartes Systems Group by 10.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,947,947 shares of the technology company’s stock valued at $196,412,000 after buying an additional 181,086 shares during the last quarter. Finally, Geneva Capital Management LLC increased its stake in shares of The Descartes Systems Group by 0.6% during the 1st quarter. Geneva Capital Management LLC now owns 1,467,921 shares of the technology company’s stock worth $148,011,000 after purchasing an additional 8,793 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Down 1.7%

NASDAQ DSGX opened at $95.48 on Friday. The company has a market capitalization of $8.21 billion, a P/E ratio of 56.50 and a beta of 0.77. The Descartes Systems Group Inc. has a 12-month low of $91.00 and a 12-month high of $124.31. The firm has a 50-day moving average price of $100.01 and a two-hundred day moving average price of $103.17.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $178.98 million during the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 EPS. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

DSGX has been the topic of several recent analyst reports. Zacks Research upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. TD Cowen restated a “buy” rating and set a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday, October 3rd. TD Securities initiated coverage on shares of The Descartes Systems Group in a research note on Friday, October 3rd. They set a “buy” rating and a $121.00 price objective on the stock. Wall Street Zen upgraded shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Morgan Stanley assumed coverage on shares of The Descartes Systems Group in a research note on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group currently has a consensus rating of “Moderate Buy” and an average price target of $121.80.

The Descartes Systems Group 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.