The Descartes Systems Group Inc. $DSGX Shares Bought by Fenimore Asset Management Inc

Fenimore Asset Management Inc lifted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGXFree Report) (TSE:DSG) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,152 shares of the technology company’s stock after acquiring an additional 265 shares during the quarter. Fenimore Asset Management Inc’s holdings in The Descartes Systems Group were worth $13,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in shares of The Descartes Systems Group during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new position in The Descartes Systems Group during the first quarter valued at about $49,000. Parallel Advisors LLC grew its holdings in The Descartes Systems Group by 35.1% during the second quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock worth $59,000 after acquiring an additional 152 shares during the period. GAMMA Investing LLC raised its position in The Descartes Systems Group by 23.2% in the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after acquiring an additional 117 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in The Descartes Systems Group in the 1st quarter valued at about $141,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

NASDAQ DSGX opened at $93.90 on Monday. The stock has a market capitalization of $8.07 billion, a PE ratio of 55.56 and a beta of 0.77. The stock has a 50-day simple moving average of $101.02 and a 200 day simple moving average of $103.42. The Descartes Systems Group Inc. has a twelve month low of $91.00 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $178.98 million for the quarter, compared to analyst estimates of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DSGX shares. Zacks Research upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Morgan Stanley started coverage on shares of The Descartes Systems Group in a research report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price target on the stock. Wall Street Zen raised The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Descartes Systems Group in a research note on Saturday, September 27th. Finally, TD Securities started coverage on The Descartes Systems Group in a report on Friday. They issued a “buy” rating and a $121.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.80.

Check Out Our Latest Analysis on DSGX

About The Descartes Systems Group

(Free Report)

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.

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

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