2,183 Shares in The Descartes Systems Group Inc. $DSGX Purchased by Vident Advisory LLC

Vident Advisory LLC bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,183 shares of the technology company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of DSGX. NBC Securities Inc. bought a new position in The Descartes Systems Group during the first quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of The Descartes Systems Group during the first quarter valued at approximately $49,000. Versant Capital Management Inc boosted its position in shares of The Descartes Systems Group by 2,013.5% during the 1st quarter. Versant Capital Management Inc now owns 1,099 shares of the technology company’s stock valued at $111,000 after acquiring an additional 1,047 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of The Descartes Systems Group during the 1st quarter worth approximately $141,000. Finally, Wealth Alliance LLC lifted its holdings in The Descartes Systems Group by 5.4% during the 1st quarter. Wealth Alliance LLC now owns 2,297 shares of the technology company’s stock valued at $232,000 after purchasing an additional 118 shares during the last quarter. 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 $105.88 on Thursday. The firm’s fifty day moving average is $102.76 and its 200-day moving average is $104.05. The firm has a market cap of $9.10 billion, a PE ratio of 62.65 and a beta of 0.80. The Descartes Systems Group Inc. has a 52 week low of $92.00 and a 52 week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The company had revenue of $178.98 million during the quarter, compared to the consensus estimate of $176.51 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Barclays cut their price target on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 5th. Royal Bank Of Canada cut their price objective on shares of The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, June 5th. Finally, Morgan Stanley started coverage on The Descartes Systems Group in a report on Monday, July 14th. They issued an “equal weight” rating and a $110.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.60.

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.