Fiera Capital Corp Has $280.12 Million Stake in The Descartes Systems Group Inc. $DSGX

Fiera Capital Corp lifted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,976,093 shares of the technology company’s stock after acquiring an additional 276,329 shares during the quarter. Fiera Capital Corp owned approximately 3.46% of The Descartes Systems Group worth $280,123,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Synovus Financial Corp lifted its holdings in The Descartes Systems Group by 29.2% during the 3rd quarter. Synovus Financial Corp now owns 15,261 shares of the technology company’s stock valued at $1,438,000 after purchasing an additional 3,449 shares during the last quarter. CenterBook Partners LP bought a new position in shares of The Descartes Systems Group in the third quarter valued at about $988,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of The Descartes Systems Group by 27.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 17,356 shares of the technology company’s stock valued at $1,635,000 after purchasing an additional 3,714 shares during the period. Summitry LLC lifted its stake in shares of The Descartes Systems Group by 18.0% during the 3rd quarter. Summitry LLC now owns 5,254 shares of the technology company’s stock worth $495,000 after buying an additional 801 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of The Descartes Systems Group by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,533,392 shares of the technology company’s stock worth $332,697,000 after buying an additional 111,492 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $66.08 on Friday. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $117.35. The company’s 50 day simple moving average is $80.78 and its 200 day simple moving average is $89.75. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 37.33 and a beta of 0.75.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $186.78 million during the quarter, compared to analysts’ expectations of $184.24 million. The Descartes Systems Group had a net margin of 22.10% and a return on equity of 10.57%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on DSGX shares. Royal Bank Of Canada set a $126.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Monday, December 1st. Zacks Research raised The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. BMO Capital Markets lowered their target price on The Descartes Systems Group from $113.00 to $95.00 and set a “market perform” rating on the stock in a research note on Thursday, December 4th. Canadian Imperial Bank of Commerce reduced their price target on The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Finally, Scotiabank lowered their price objective on The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $114.20.

The Descartes Systems Group Profile

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.