The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 239,725 shares of the technology company’s stock after acquiring an additional 8,900 shares during the period. The Descartes Systems Group comprises approximately 2.4% of Grandeur Peak Global Advisors LLC’s holdings, making the stock its 12th largest position. Grandeur Peak Global Advisors LLC’s holdings in The Descartes Systems Group were worth $27,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scotia Capital Inc. boosted its stake in shares of The Descartes Systems Group by 8.4% during the 4th quarter. Scotia Capital Inc. now owns 61,695 shares of the technology company’s stock valued at $6,942,000 after buying an additional 4,797 shares during the period. Bessemer Group Inc. boosted its stake in shares of The Descartes Systems Group by 4.1% during the 4th quarter. Bessemer Group Inc. now owns 214,736 shares of the technology company’s stock worth $24,395,000 after acquiring an additional 8,442 shares in the last quarter. APG Asset Management US Inc. bought a new position in shares of The Descartes Systems Group in the 4th quarter valued at approximately $306,000. Raymond James Financial Inc. acquired a new stake in The Descartes Systems Group in the 4th quarter worth approximately $19,392,000. Finally, APG Asset Management N.V. raised its position in shares of The Descartes Systems Group by 374.0% in the fourth quarter. APG Asset Management N.V. now owns 65,407 shares of the technology company’s stock valued at $7,176,000 after purchasing an additional 51,607 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $101.74 on Friday. The Descartes Systems Group Inc. has a 52 week low of $87.20 and a 52 week high of $124.31. The stock has a market capitalization of $8.71 billion, a PE ratio of 63.99 and a beta of 0.97. The stock has a 50 day moving average price of $106.38 and a 200 day moving average price of $110.19.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DSGX. CIBC reduced their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. BMO Capital Markets decreased their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Barclays cut their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Finally, Stephens reduced their price target on shares of The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

About The Descartes Systems Group

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.