Yorktown Management & Research Co Inc Acquires 2,600 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Yorktown Management & Research Co Inc grew its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 31.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the technology company’s stock after acquiring an additional 2,600 shares during the quarter. The Descartes Systems Group accounts for approximately 1.2% of Yorktown Management & Research Co Inc’s investment portfolio, making the stock its 6th largest position. Yorktown Management & Research Co Inc’s holdings in The Descartes Systems Group were worth $1,089,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Intact Investment Management Inc. acquired a new position in The Descartes Systems Group during the 1st quarter worth approximately $141,000. Avior Wealth Management LLC grew its stake in shares of The Descartes Systems Group by 9.8% during the first quarter. Avior Wealth Management LLC now owns 4,320 shares of the technology company’s stock worth $436,000 after buying an additional 384 shares during the last quarter. Louisbourg Investments Inc. increased its holdings in shares of The Descartes Systems Group by 260.2% during the first quarter. Louisbourg Investments Inc. now owns 18,335 shares of the technology company’s stock worth $1,848,000 after buying an additional 13,245 shares in the last quarter. Vista Finance LLC increased its holdings in shares of The Descartes Systems Group by 7.0% during the first quarter. Vista Finance LLC now owns 3,119 shares of the technology company’s stock worth $314,000 after buying an additional 203 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its stake in shares of The Descartes Systems Group by 48.8% in the 1st quarter. Portside Wealth Group LLC now owns 5,076 shares of the technology company’s stock valued at $512,000 after acquiring an additional 1,664 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 1.6%

DSGX stock opened at $100.77 on Tuesday. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 60.71 and a beta of 0.87. The company’s fifty day simple moving average is $106.93 and its 200 day simple moving average is $109.24. The Descartes Systems Group Inc. has a 12-month low of $90.61 and a 12-month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The business had revenue of $168.74 million during the quarter, compared to analyst estimates of $169.60 million. The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. Research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

DSGX has been the topic of a number of research reports. BMO Capital Markets reduced their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a research report on Thursday, March 6th. Stephens reduced their price target on The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. CIBC dropped their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Barclays reduced their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 5th. Finally, Royal Bank Of Canada decreased their price target on shares of The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday, June 5th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average target price of $123.40.

The Descartes Systems Group Company 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.