The Descartes Systems Group Inc. (NASDAQ:DSGX) is Geneva Capital Management LLC’s 9th Largest Position

Geneva Capital Management LLC grew its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,476,659 shares of the technology company’s stock after buying an additional 19,002 shares during the period. The Descartes Systems Group accounts for approximately 2.5% of Geneva Capital Management LLC’s portfolio, making the stock its 9th largest position. Geneva Capital Management LLC owned about 1.73% of The Descartes Systems Group worth $152,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its position in The Descartes Systems Group by 33.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,869 shares of the technology company’s stock worth $629,000 after buying an additional 1,726 shares during the period. Empowered Funds LLC boosted its position in The Descartes Systems Group by 9.9% during the first quarter. Empowered Funds LLC now owns 14,000 shares of the technology company’s stock worth $1,281,000 after acquiring an additional 1,260 shares during the last quarter. Sei Investments Co. boosted its position in The Descartes Systems Group by 57.1% during the first quarter. Sei Investments Co. now owns 187,281 shares of the technology company’s stock worth $17,142,000 after acquiring an additional 68,104 shares during the last quarter. Russell Investments Group Ltd. boosted its position in The Descartes Systems Group by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 262,615 shares of the technology company’s stock worth $24,043,000 after acquiring an additional 8,722 shares during the last quarter. Finally, US Bancorp DE boosted its position in The Descartes Systems Group by 5.3% during the first quarter. US Bancorp DE now owns 6,615 shares of the technology company’s stock worth $605,000 after acquiring an additional 331 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Down 0.5 %

Shares of The Descartes Systems Group stock traded down $0.57 during trading on Tuesday, hitting $115.09. The stock had a trading volume of 75,465 shares, compared to its average volume of 151,463. The stock has a 50 day simple moving average of $103.59 and a 200 day simple moving average of $99.56. The company has a market capitalization of $9.84 billion, a PE ratio of 78.07 and a beta of 0.97. The Descartes Systems Group Inc. has a 1 year low of $76.96 and a 1 year high of $116.73.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DSGX shares. Barclays increased their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of The Descartes Systems Group in a research note on Thursday, September 5th. BMO Capital Markets raised their price target on shares of 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. Canaccord Genuity Group set a $108.00 price target on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Scotiabank raised their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.17.

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.