National Bank of Canada FI Has $12.22 Million Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

National Bank of Canada FI trimmed its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,199 shares of the technology company’s stock after selling 9,601 shares during the quarter. National Bank of Canada FI owned about 0.18% of The Descartes Systems Group worth $12,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in The Descartes Systems Group by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,065,662 shares of the technology company’s stock valued at $224,958,000 after purchasing an additional 49,402 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in The Descartes Systems Group by 0.7% during the third quarter. Conestoga Capital Advisors LLC now owns 3,020,914 shares of the technology company’s stock worth $221,675,000 after buying an additional 20,875 shares in the last quarter. Fiera Capital Corp lifted its stake in The Descartes Systems Group by 5.6% during the 3rd quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company’s stock valued at $163,085,000 after acquiring an additional 117,611 shares in the last quarter. Mackenzie Financial Corp lifted its stake in The Descartes Systems Group by 8.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock valued at $160,912,000 after acquiring an additional 154,110 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in The Descartes Systems Group by 2.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,544,300 shares of the technology company’s stock worth $113,339,000 after acquiring an additional 41,854 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Up 0.3 %

Shares of DSGX opened at $97.60 on Thursday. The stock has a market capitalization of $8.32 billion, a P/E ratio of 72.84 and a beta of 0.91. The firm has a fifty day simple moving average of $91.87 and a two-hundred day simple moving average of $85.79. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $97.61.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The firm had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.62 million. During the same period last year, the company posted $0.34 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Sell-side analysts expect that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DSGX. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Raymond James upped their target price on shares of The Descartes Systems Group from $84.00 to $94.00 and gave the stock a “market perform” rating in a report on Thursday, March 7th. Barclays upped their target price on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. Scotiabank increased their price target on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock a “sector outperform” rating in a report on Thursday, March 7th. Finally, William Blair reaffirmed an “outperform” rating on shares of The Descartes Systems Group in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $98.44.

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.