Descartes Systems Group Inc (DSGX) Position Lifted by CLARET ASSET MANAGEMENT Corp

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CLARET ASSET MANAGEMENT Corp boosted its holdings in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 26.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,298 shares of the technology company’s stock after buying an additional 1,930 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Descartes Systems Group were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DSGX. Sei Investments Co. grew its stake in Descartes Systems Group by 3,015.9% in the second quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,373 shares in the last quarter. Keybank National Association OH purchased a new position in Descartes Systems Group in the second quarter valued at about $222,000. Commonwealth Equity Services LLC purchased a new position in Descartes Systems Group in the first quarter valued at about $269,000. CIBC Private Wealth Group LLC grew its stake in Descartes Systems Group by 12.1% in the second quarter. CIBC Private Wealth Group LLC now owns 17,660 shares of the technology company’s stock valued at $574,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Descartes Systems Group by 51.1% in the first quarter. Legal & General Group Plc now owns 22,434 shares of the technology company’s stock valued at $641,000 after purchasing an additional 7,585 shares in the last quarter. 80.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on DSGX shares. BidaskClub downgraded Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.17.

Shares of NASDAQ DSGX opened at $29.35 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Descartes Systems Group Inc has a one year low of $24.85 and a one year high of $35.87. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 78.97 and a beta of 0.40.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 5th. The technology company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Descartes Systems Group had a return on equity of 5.66% and a net margin of 10.92%. The firm had revenue of $67.10 million for the quarter, compared to the consensus estimate of $67.70 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Descartes Systems Group Inc will post 0.43 EPS for the current fiscal year.

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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