The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,485 shares of the technology company’s stock after purchasing an additional 331 shares during the period. Nicolet Advisory Services LLC’s holdings in The Descartes Systems Group were worth $551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intact Investment Management Inc. bought a new stake in shares of The Descartes Systems Group during the second quarter valued at about $61,000. Blue Trust Inc. raised its position in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after buying an additional 587 shares in the last quarter. Andra AP fonden bought a new stake in shares of The Descartes Systems Group during the 2nd quarter worth about $77,000. Park Place Capital Corp lifted its stake in shares of The Descartes Systems Group by 31.6% in the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after acquiring an additional 212 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of The Descartes Systems Group by 143.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock valued at $116,000 after acquiring an additional 704 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 1.5 %

Shares of The Descartes Systems Group stock opened at $116.08 on Friday. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $117.24. The company has a market cap of $9.92 billion, a P/E ratio of 78.43 and a beta of 0.97. The stock has a 50-day moving average price of $106.61 and a 200 day moving average price of $100.69.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. During the same period last year, the company earned $0.32 earnings per share. The Descartes Systems Group’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DSGX shares. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Scotiabank lifted their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.25.

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.