The Descartes Systems Group Inc. $DSGX Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 223,925 shares of the technology company’s stock after acquiring an additional 12,571 shares during the period. American Century Companies Inc. owned approximately 0.26% of The Descartes Systems Group worth $22,543,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DSGX. NBC Securities Inc. acquired a new stake in The Descartes Systems Group in the first quarter valued at approximately $25,000. GeoWealth Management LLC grew its position in The Descartes Systems Group by 63.2% in the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock valued at $39,000 after acquiring an additional 132 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in The Descartes Systems Group in the first quarter valued at approximately $49,000. Optiver Holding B.V. acquired a new stake in The Descartes Systems Group in the fourth quarter valued at approximately $66,000. Finally, Johnson Financial Group Inc. grew its position in The Descartes Systems Group by 830.9% in the fourth quarter. Johnson Financial Group Inc. now owns 875 shares of the technology company’s stock valued at $101,000 after acquiring an additional 781 shares in the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DSGX shares. 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 objective for the company. Royal Bank Of Canada decreased 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 report on Thursday, June 5th. Barclays lowered their price objective on 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, June 5th. Finally, Wall Street Zen lowered The Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.18.

The Descartes Systems Group Stock Up 2.3%

Shares of NASDAQ DSGX opened at $101.37 on Friday. The business has a 50 day moving average price of $102.32 and a two-hundred day moving average price of $105.26. The Descartes Systems Group Inc. has a fifty-two week low of $92.00 and a fifty-two week high of $124.31. The firm has a market cap of $8.71 billion, a PE ratio of 61.07 and a beta of 0.81.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The firm had revenue of $168.74 million for the quarter, compared to analyst estimates of $169.60 million. During the same quarter in the previous year, the company earned $0.40 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.