The Descartes Systems Group Inc. (DSGX) Stake Increased by Jarislowsky Fraser Ltd

Jarislowsky Fraser Ltd grew its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,074,359 shares of the technology company’s stock after acquiring an additional 40,177 shares during the period. Jarislowsky Fraser Ltd owned about 5.31% of The Descartes Systems Group worth $110,862,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Descartes Systems Group by 20.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,066 shares of the technology company’s stock valued at $123,000 after acquiring an additional 860 shares in the last quarter. US Bancorp DE grew its stake in shares of The Descartes Systems Group by 23.8% during the second quarter. US Bancorp DE now owns 5,975 shares of the technology company’s stock valued at $145,000 after acquiring an additional 1,150 shares in the last quarter. Legal & General Group Plc grew its stake in shares of The Descartes Systems Group by 6.8% during the second quarter. Legal & General Group Plc now owns 7,795 shares of the technology company’s stock valued at $189,000 after acquiring an additional 495 shares in the last quarter. BB&T Corp grew its stake in shares of The Descartes Systems Group by 19.5% during the second quarter. BB&T Corp now owns 13,230 shares of the technology company’s stock valued at $322,000 after acquiring an additional 2,155 shares in the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of The Descartes Systems Group by 4.9% during the second quarter. Suntrust Banks Inc. now owns 14,338 shares of the technology company’s stock valued at $348,000 after acquiring an additional 672 shares in the last quarter. Institutional investors own 76.86% of the company’s stock.

DSGX has been the subject of a number of research reports. Zacks Investment Research downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Raymond James Financial, Inc. lifted their price target on The Descartes Systems Group from $27.50 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, September 7th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $26.00 to $29.00 and gave the stock a “market perform” rating in a research note on Thursday, September 7th. Canaccord Genuity restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of The Descartes Systems Group in a research note on Thursday, September 7th. Finally, TD Securities lifted their target price on The Descartes Systems Group from $29.00 to $40.50 and gave the company a “buy” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The Descartes Systems Group presently has an average rating of “Buy” and an average target price of $32.06.

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The Descartes Systems Group Inc. (NASDAQ DSGX) traded up $0.35 on Monday, hitting $30.10. The stock had a trading volume of 42,600 shares, compared to its average volume of 59,234. The company has a market capitalization of $2,309.48, a PE ratio of 88.53 and a beta of 0.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.18 and a current ratio of 2.18. The Descartes Systems Group Inc. has a 52 week low of $20.35 and a 52 week high of $30.10.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. equities analysts forecast that The Descartes Systems Group Inc. will post 0.38 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

Institutional Ownership by Quarter for The Descartes Systems Group (NASDAQ:DSGX)

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