Segall Bryant & Hamill LLC Acquires 5,608 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Segall Bryant & Hamill LLC raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 438,553 shares of the technology company’s stock after acquiring an additional 5,608 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.51% of The Descartes Systems Group worth $45,153,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Intact Investment Management Inc. bought a new position in The Descartes Systems Group during the 2nd quarter worth $61,000. Blue Trust Inc. raised its position in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after acquiring an additional 587 shares during the last quarter. Andra AP fonden bought a new stake in The Descartes Systems Group in the second quarter valued at approximately $77,000. Park Place Capital Corp boosted its holdings in The Descartes Systems Group by 31.6% in the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after acquiring an additional 212 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in The Descartes Systems Group by 143.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock valued at $116,000 after purchasing an additional 704 shares during the period. Institutional investors own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DSGX shares. StockNews.com raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a “buy” rating in a research report on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.25.

The Descartes Systems Group Price Performance

DSGX opened at $113.61 on Wednesday. The Descartes Systems Group Inc. has a 1 year low of $79.21 and a 1 year high of $117.24. The company has a market capitalization of $9.71 billion, a price-to-earnings ratio of 76.76 and a beta of 0.97. The firm’s fifty day moving average price is $105.58 and its two-hundred day moving average price is $100.36.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

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.