Crown Oak Advisors LLC Purchases New Position in The Descartes Systems Group Inc. $DSGX

Crown Oak Advisors LLC acquired a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the third quarter, HoldingsChannel reports. The institutional investor acquired 44,035 shares of the technology company’s stock, valued at approximately $3,561,000. The Descartes Systems Group accounts for approximately 1.8% of Crown Oak Advisors LLC’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors have also modified their holdings of the stock. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group in the 2nd quarter valued at $33,000. Keating Financial Advisory Services Inc. purchased a new position in shares of The Descartes Systems Group in the 2nd quarter valued at $38,000. EverSource Wealth Advisors LLC raised its stake in The Descartes Systems Group by 57.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company’s stock worth $39,000 after acquiring an additional 200 shares in the last quarter. Allworth Financial LP acquired a new stake in The Descartes Systems Group during the 2nd quarter worth $49,000. Finally, Parallel Advisors LLC lifted its position in The Descartes Systems Group by 124.7% in the first quarter. Parallel Advisors LLC now owns 755 shares of the technology company’s stock valued at $54,000 after acquiring an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 1.8%

Shares of DSGX opened at $87.05 on Friday. The firm has a market cap of $7.45 billion, a PE ratio of 40.68 and a beta of 0.65. The company’s 50 day simple moving average is $79.44 and its 200-day simple moving average is $74.52. The Descartes Systems Group Inc. has a 12-month low of $62.56 and a 12-month high of $97.71.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Thursday, September 10th. The technology company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.66%. The business had revenue of $198.12 million for the quarter, compared to analysts’ expectations of $197.54 million. During the same period in the previous year, the company posted $0.43 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

DSGX has been the subject of several research analyst reports. Royal Bank Of Canada set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Friday, September 4th. Scotiabank raised their price objective on The Descartes Systems Group from $95.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Friday, September 11th. BMO Capital Markets lifted their target price on The Descartes Systems Group from $82.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 13th. Loop Capital reissued a “buy” rating and issued a $96.00 target price on shares of The Descartes Systems Group in a report on Thursday, October 8th. Finally, Weiss Ratings raised The Descartes Systems Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus target price of $100.33.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc is a Canadian technology company that provides cloud-based logistics and supply chain management solutions. Its Global Logistics Network connects manufacturers, retailers, distributors, logistics service providers, carriers, and other trading partners to support the exchange of information and the coordination of shipments.

The company’s products and services address a range of transportation and trade-management needs, including transportation management, route planning and optimization, delivery and last-mile management, shipment visibility, freight forwarding, customs and regulatory compliance, electronic data interchange, and telematics.