The Descartes Systems Group Inc. $DSGX Shares Acquired by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 10.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 79,704 shares of the technology company’s stock after acquiring an additional 7,841 shares during the period. Louisbourg Investments Inc. owned about 0.09% of The Descartes Systems Group worth $5,697,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. AXA S.A. increased its holdings in The Descartes Systems Group by 2.0% in the 2nd quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock valued at $681,000 after purchasing an additional 130 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in The Descartes Systems Group by 0.3% during the third quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock worth $5,207,000 after purchasing an additional 140 shares in the last quarter. Orion Porfolio Solutions LLC lifted its stake in The Descartes Systems Group by 4.1% during the second quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock worth $368,000 after purchasing an additional 143 shares in the last quarter. PCJ Investment Counsel Ltd. boosted its position in shares of The Descartes Systems Group by 0.3% during the third quarter. PCJ Investment Counsel Ltd. now owns 48,080 shares of the technology company’s stock worth $4,529,000 after buying an additional 150 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of The Descartes Systems Group by 18.7% during the fourth quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock worth $92,000 after buying an additional 165 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

Shares of The Descartes Systems Group stock opened at $70.53 on Friday. The business has a 50-day simple moving average of $71.88 and a 200-day simple moving average of $74.92. The Descartes Systems Group Inc. has a one year low of $62.56 and a one year high of $109.00. The company has a market cap of $6.04 billion, a PE ratio of 35.27 and a beta of 0.64.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The firm had revenue of $166.96 million for the quarter, compared to analysts’ expectations of $193.57 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 9th. Loop Capital restated a “buy” rating and set a $96.00 target price on shares of The Descartes Systems Group in a report on Thursday, June 4th. Zacks Research downgraded The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Raymond James Financial cut their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Finally, Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $100.00 to $90.00 in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.