Fiera Capital Corp Sells 8,752 Shares of The Descartes Systems Group Inc (NASDAQ:DSGX)

Fiera Capital Corp lessened its position in The Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 64.7% during the first quarter, Holdings Channel reports. The fund owned 4,773 shares of the technology company’s stock after selling 8,752 shares during the period. Fiera Capital Corp’s holdings in The Descartes Systems Group were worth $291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in The Descartes Systems Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 35,065 shares of the technology company’s stock valued at $2,051,000 after acquiring an additional 200 shares during the last quarter. US Bancorp DE increased its stake in The Descartes Systems Group by 1.8% in the first quarter. US Bancorp DE now owns 16,773 shares of the technology company’s stock valued at $1,022,000 after acquiring an additional 290 shares during the last quarter. NBW Capital LLC increased its stake in The Descartes Systems Group by 0.4% in the first quarter. NBW Capital LLC now owns 95,736 shares of the technology company’s stock valued at $5,810,000 after acquiring an additional 335 shares during the last quarter. Colony Group LLC increased its stake in The Descartes Systems Group by 7.0% in the fourth quarter. Colony Group LLC now owns 5,628 shares of the technology company’s stock valued at $329,000 after acquiring an additional 366 shares during the last quarter. Finally, CLARET ASSET MANAGEMENT Corp increased its stake in The Descartes Systems Group by 6.6% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 8,081 shares of the technology company’s stock valued at $493,000 after acquiring an additional 502 shares during the last quarter. 78.94% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group stock opened at $66.27 on Friday. The business’s 50-day moving average price is $61.96. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 97.46 and a beta of 1.09. The Descartes Systems Group Inc has a 1-year low of $48.37 and a 1-year high of $66.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Tuesday, June 1st. The technology company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.04. The Descartes Systems Group had a net margin of 16.35% and a return on equity of 6.64%. The company had revenue of $98.80 million during the quarter, compared to analyst estimates of $94.18 million. During the same period in the prior year, the business posted $0.13 earnings per share. The Descartes Systems Group’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that The Descartes Systems Group Inc will post 0.84 EPS for the current year.

Several analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of The Descartes Systems Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, June 3rd. Stephens upped their price target on shares of The Descartes Systems Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, June 3rd. TD Securities upped their price target on shares of The Descartes Systems Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, June 3rd. Canaccord Genuity upped their price target on shares of The Descartes Systems Group from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, June 3rd. Finally, Zacks Investment Research upgraded shares of The Descartes Systems Group from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The Descartes Systems Group presently has an average rating of “Buy” and a consensus price target of $69.41.

The Descartes Systems Group Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business.

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Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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