Descartes Systems Group Inc (DSGX) Position Lifted by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lifted its stake in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,422 shares of the technology company’s stock after buying an additional 3,140 shares during the period. Great West Life Assurance Co. Can owned approximately 0.36% of Descartes Systems Group worth $7,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DSGX. Jarislowsky Fraser Ltd grew its position in Descartes Systems Group by 1.0% during the 4th quarter. Jarislowsky Fraser Ltd now owns 4,091,276 shares of the technology company’s stock worth $107,928,000 after purchasing an additional 40,330 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of Descartes Systems Group by 7.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 3,507,360 shares of the technology company’s stock worth $93,155,000 after acquiring an additional 251,377 shares during the period. Conestoga Capital Advisors LLC lifted its stake in shares of Descartes Systems Group by 4.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 3,428,691 shares of the technology company’s stock worth $90,723,000 after acquiring an additional 132,251 shares during the period. Vanguard Group Inc. lifted its stake in shares of Descartes Systems Group by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,888,093 shares of the technology company’s stock worth $64,006,000 after acquiring an additional 90,880 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of Descartes Systems Group by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 1,888,093 shares of the technology company’s stock worth $64,006,000 after acquiring an additional 90,880 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ DSGX opened at $35.37 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. Descartes Systems Group Inc has a 52 week low of $25.19 and a 52 week high of $35.87. The stock has a market capitalization of $2.70 billion, a P/E ratio of 88.43 and a beta of 0.84.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). Descartes Systems Group had a net margin of 11.37% and a return on equity of 6.01%. The company had revenue of $71.00 million during the quarter, compared to analyst estimates of $71.15 million. During the same quarter last year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, research analysts anticipate that Descartes Systems Group Inc will post 0.59 EPS for the current fiscal year.

Several research firms have recently commented on DSGX. Raymond James restated a “market perform” rating and issued a $31.00 target price on shares of Descartes Systems Group in a research note on Wednesday, January 30th. BidaskClub cut shares of Descartes Systems Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. TheStreet cut shares of Descartes Systems Group from a “b” rating to a “c+” rating in a research note on Monday, December 24th. TD Securities raised their target price on shares of Descartes Systems Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research cut shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Friday, November 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.00.

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Descartes Systems Group Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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

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