Stephens Investment Management Group LLC Has $18.20 Million Stock Position in The Descartes Systems Group Inc. $DSGX

Stephens Investment Management Group LLC grew its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 207,652 shares of the technology company’s stock after acquiring an additional 8,935 shares during the period. Stephens Investment Management Group LLC’s holdings in The Descartes Systems Group were worth $18,203,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in shares of The Descartes Systems Group in the third quarter worth $27,000. Danske Bank A S bought a new position in The Descartes Systems Group during the 3rd quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new position in The Descartes Systems Group during the 3rd quarter worth about $40,000. Caitong International Asset Management Co. Ltd grew its position in shares of The Descartes Systems Group by 267.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after buying an additional 401 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of The Descartes Systems Group by 24.8% in the 3rd quarter. Versant Capital Management Inc now owns 660 shares of the technology company’s stock valued at $62,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DSGX. Scotiabank lowered their price objective on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings downgraded shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Canaccord Genuity Group lowered their price target on shares of The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Barclays dropped their price target on shares of The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Finally, Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $100.00 to $90.00 in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.45.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $67.70 on Monday. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $117.35. The business’s 50-day moving average is $71.03 and its 200-day moving average is $77.54. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 36.40 and a beta of 0.65.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, March 11th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The Descartes Systems Group had a return on equity of 10.70% and a net margin of 22.47%.The business had revenue of $192.37 million during the quarter, compared to analysts’ expectations of $188.09 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Analysts anticipate that The Descartes Systems Group Inc. will post 2.62 EPS for the current year.

About The Descartes Systems Group

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.