SG Americas Securities LLC Invests $921,000 in The Descartes Systems Group Inc. (NASDAQ:DSGX)

SG Americas Securities LLC bought a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the third quarter, HoldingsChannel.com reports. The fund bought 8,947 shares of the technology company’s stock, valued at approximately $921,000.

Several other hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group in the first quarter valued at approximately $28,000. Accent Capital Management LLC bought a new stake in The Descartes Systems Group in the 4th quarter valued at $32,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in The Descartes Systems Group by 703.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. Intact Investment Management Inc. bought a new position in The Descartes Systems Group during the second quarter worth $61,000. Finally, Park Place Capital Corp increased its holdings 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 purchasing an additional 219 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DSGX has been the subject of a number of research reports. Barclays raised their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research note on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of The Descartes Systems Group in a research note on Thursday, September 5th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets upped their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.83.

The Descartes Systems Group Stock Up 1.6 %

DSGX opened at $105.70 on Friday. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 71.42 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $106.22. The company has a 50-day simple moving average of $99.72 and a 200 day simple moving average of $97.01.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The Descartes Systems Group’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

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.