Fiera Capital Corp Has $291,000 Position in The Descartes Systems Group Inc (NASDAQ:DSGX)

Fiera Capital Corp cut its stake in shares of The Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 64.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,773 shares of the technology company’s stock after selling 8,752 shares during the quarter. Fiera Capital Corp’s holdings in The Descartes Systems Group were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DSGX. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Descartes Systems Group by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,401 shares of the technology company’s stock worth $608,000 after buying an additional 674 shares during the period. Victory Capital Management Inc. lifted its holdings in The Descartes Systems Group by 54.6% during the 4th quarter. Victory Capital Management Inc. now owns 76,245 shares of the technology company’s stock worth $4,459,000 after buying an additional 26,930 shares during the period. CIBC Asset Management Inc lifted its holdings in The Descartes Systems Group by 2.0% during the 4th quarter. CIBC Asset Management Inc now owns 70,210 shares of the technology company’s stock worth $4,097,000 after buying an additional 1,361 shares during the period. Tompkins Financial Corp acquired a new position in The Descartes Systems Group during the 4th quarter worth about $54,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in The Descartes Systems Group by 36.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 13,900 shares of the technology company’s stock worth $813,000 after buying an additional 3,700 shares during the period. 78.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Descartes Systems Group stock opened at $66.27 on Friday. The Descartes Systems Group Inc has a one year low of $48.37 and a one year high of $66.71. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 97.46 and a beta of 1.09. The company has a 50-day moving average price of $61.96.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Tuesday, June 1st. The technology company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $98.80 million during the quarter, compared to analyst estimates of $94.18 million. The Descartes Systems Group had a return on equity of 6.64% and a net margin of 16.35%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. As a group, research analysts forecast that The Descartes Systems Group Inc will post 0.84 EPS for the current year.

Several research firms have recently weighed in on DSGX. Stephens lifted their price objective on The Descartes Systems Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, June 3rd. Zacks Investment Research raised The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Monday. CIBC lifted their price objective on The Descartes Systems Group from $63.50 to $68.50 and gave the stock a “neutral” rating in a research report on Thursday, June 3rd. Canaccord Genuity lifted their price objective on The Descartes Systems Group from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. Finally, TD Securities lifted their price objective on The Descartes Systems Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.41.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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