The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by AGF Management Ltd.

AGF Management Ltd. grew its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,077 shares of the technology company’s stock after purchasing an additional 1,012 shares during the period. AGF Management Ltd.’s holdings in The Descartes Systems Group were worth $7,177,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DSGX. Brown Brothers Harriman & Co. acquired a new position in The Descartes Systems Group during the fourth quarter worth $27,000. Central Pacific Bank Trust Division acquired a new position in The Descartes Systems Group during the first quarter worth $28,000. Accent Capital Management LLC acquired a new position in The Descartes Systems Group during the fourth quarter worth $32,000. Whittier Trust Co. of Nevada Inc. lifted its stake in The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after purchasing an additional 429 shares in the last quarter. Finally, Park Place Capital Corp raised its stake in shares of The Descartes Systems Group by 48.5% in the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock valued at $61,000 after acquiring an additional 219 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $97.94 on Friday. The stock’s 50-day moving average is $98.93 and its two-hundred day moving average is $95.31. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 69.96 and a beta of 0.98. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $104.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million for the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. As a group, research analysts predict that The Descartes Systems Group Inc. will post 1.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. CIBC increased their price objective on The Descartes Systems Group from $101.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Scotiabank increased their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. BMO Capital Markets increased their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a research note on Thursday, September 5th. Finally, Stephens increased their price objective on The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

The Descartes Systems Group Profile

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.