Stephens Investment Management Group LLC Buys 8,935 Shares of The Descartes Systems Group Inc. $DSGX

Stephens Investment Management Group LLC raised its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,652 shares of the technology company’s stock after buying an additional 8,935 shares during the quarter. Stephens Investment Management Group LLC owned 0.24% of The Descartes Systems Group worth $18,203,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on DSGX shares. Barclays cut their target price on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Rothschild & Co Redburn upgraded The Descartes Systems Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $100.00 to $90.00 in a research report on Thursday, April 16th. Morgan Stanley reduced their price objective on The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings cut The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Finally, Canaccord Genuity Group lowered their target price on The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.45.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $67.70 on Monday. The Descartes Systems Group Inc. has a 52 week low of $62.56 and a 52 week high of $117.35. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 36.40 and a beta of 0.65. The stock has a fifty day moving average of $71.03 and a 200-day moving average of $77.54.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, March 11th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $188.09 million. During the same quarter in the previous year, the company posted $0.43 EPS. The Descartes Systems Group’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts forecast 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.