Lester Murray Antman dba SimplyRich Invests $224,000 in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Lester Murray Antman dba SimplyRich purchased a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,975 shares of the technology company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Stephens Investment Management Group LLC increased its stake in The Descartes Systems Group by 9.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company’s stock valued at $23,762,000 after buying an additional 18,233 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of The Descartes Systems Group during the fourth quarter valued at approximately $409,000. Empowered Funds LLC increased its position in shares of The Descartes Systems Group by 31.2% during the fourth quarter. Empowered Funds LLC now owns 24,752 shares of the technology company’s stock valued at $2,812,000 after acquiring an additional 5,880 shares during the last quarter. Mather Group LLC. lifted its holdings in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after acquiring an additional 181 shares during the period. Finally, Calamos Wealth Management LLC purchased a new position in The Descartes Systems Group in the fourth quarter worth $1,339,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $118.69 on Wednesday. The Descartes Systems Group Inc. has a fifty-two week low of $84.12 and a fifty-two week high of $124.31. The stock has a market cap of $10.16 billion, a PE ratio of 74.65 and a beta of 0.99. The stock has a fifty day moving average of $116.51 and a 200-day moving average of $108.53.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the prior year, the company posted $0.31 earnings per share. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DSGX shares. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. BMO Capital Markets raised their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

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.