Fiera Capital Corp Decreases Stock Holdings in The Descartes Systems Group Inc. $DSGX

Fiera Capital Corp reduced its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 53.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,371,213 shares of the technology company’s stock after selling 1,604,880 shares during the period. Fiera Capital Corp’s holdings in The Descartes Systems Group were worth $120,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aviso Financial Inc. raised its stake in The Descartes Systems Group by 247.6% in the third quarter. Aviso Financial Inc. now owns 27,141 shares of the technology company’s stock valued at $2,556,000 after buying an additional 19,333 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in The Descartes Systems Group in the third quarter valued at about $1,954,000. Dixon Mitchell Investment Counsel Inc. raised its stake in The Descartes Systems Group by 303.0% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 339,370 shares of the technology company’s stock valued at $31,961,000 after buying an additional 255,154 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in The Descartes Systems Group in the third quarter valued at about $15,602,000. Finally, Temasek Holdings Private Ltd raised its stake in The Descartes Systems Group by 63.3% in the third quarter. Temasek Holdings Private Ltd now owns 1,464,165 shares of the technology company’s stock valued at $137,968,000 after buying an additional 567,386 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DSGX. Weiss Ratings cut The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Barclays decreased their price target on The Descartes Systems Group from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Loop Capital reissued a “buy” rating and issued a $96.00 price objective on shares of The Descartes Systems Group in a report on Thursday. Canaccord Genuity Group cut their price objective on The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Finally, Raymond James Financial cut their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Key The Descartes Systems Group News

Here are the key news stories impacting The Descartes Systems Group this week:

• Positive Sentiment: Descartes reported fiscal Q1 2027 earnings of $0.55 per share, beating estimates of $0.53 and improving from $0.41 a year ago, which supports the stock after the earnings release. Article Title
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its price target on Descartes to $118 from $116 and kept an outperformer rating, signaling continued optimism from analysts. Article Title
• Positive Sentiment: Loop Capital reaffirmed its buy rating on Descartes and maintained a $96 price target, reinforcing the view that the shares still have upside from current levels. Article Title
• Neutral Sentiment: Analyst coverage remains broadly constructive, with one report citing an average recommendation of “Moderate Buy,” indicating sentiment is generally favorable but not a major new catalyst. Article Title
• Negative Sentiment: Raymond James lowered its price target to $108 from $118, which may temper enthusiasm even though it still rates the stock outperform. Article Title

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $75.46 on Monday. The stock’s 50-day simple moving average is $71.53 and its 200-day simple moving average is $76.20. The firm has a market capitalization of $6.48 billion, a PE ratio of 37.73 and a beta of 0.64. The Descartes Systems Group Inc. has a fifty-two week low of $62.56 and a fifty-two week high of $109.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, June 3rd. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $166.96 million for the quarter, compared to analyst estimates of $193.57 million. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The Descartes Systems Group’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. Sell-side analysts forecast that The Descartes Systems Group Inc. will post 2.61 earnings per share for the current year.

The Descartes Systems Group Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.