Fenimore Asset Management Inc Buys 485 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fenimore Asset Management Inc raised its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 130,887 shares of the technology company’s stock after acquiring an additional 485 shares during the period. Fenimore Asset Management Inc’s holdings in The Descartes Systems Group were worth $13,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its stake in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares during the period. Empowered Funds LLC grew its holdings in shares of The Descartes Systems Group by 31.2% in the fourth quarter. Empowered Funds LLC now owns 24,752 shares of the technology company’s stock valued at $2,812,000 after purchasing an additional 5,880 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of The Descartes Systems Group in the fourth quarter valued at $409,000. Stephens Investment Management Group LLC grew its holdings in shares of The Descartes Systems Group by 9.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company’s stock valued at $23,762,000 after purchasing an additional 18,233 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich purchased a new position in shares of The Descartes Systems Group in the fourth quarter valued at $224,000. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.6%

NASDAQ:DSGX opened at $102.25 on Monday. The stock has a fifty day simple moving average of $106.95 and a 200-day simple moving average of $110.62. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 64.31 and a beta of 0.87. The Descartes Systems Group Inc. has a twelve month low of $90.61 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). The firm had revenue of $168.74 million during the quarter, compared to the consensus estimate of $169.60 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. As a group, equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DSGX. Stephens cut their target price on shares of The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada dropped their price objective on shares of The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 26th. Barclays dropped their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, BMO Capital Markets dropped their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.40.

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.