William Blair Investment Management LLC Purchases 53,408 Shares of The Descartes Systems Group Inc. $DSGX

William Blair Investment Management LLC increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,931 shares of the technology company’s stock after acquiring an additional 53,408 shares during the quarter. William Blair Investment Management LLC’s holdings in The Descartes Systems Group were worth $17,964,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of The Descartes Systems Group during the 3rd quarter worth approximately $27,000. Danske Bank A S bought a new position in shares of The Descartes Systems Group during the 3rd quarter worth approximately $34,000. Measured Wealth Private Client Group LLC bought a new position in shares of The Descartes Systems Group during the 3rd quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd increased its stake in The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company’s stock valued at $52,000 after purchasing an additional 401 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in The Descartes Systems Group by 18.7% during the 4th quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock valued at $92,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Scotiabank cut their price target on shares of The Descartes Systems Group from $115.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Weiss Ratings lowered shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $100.00 to $90.00 in a research note on Thursday, April 16th. Finally, BMO Capital Markets cut their price target on shares of The Descartes Systems Group from $95.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.45.

The Descartes Systems Group Price Performance

DSGX stock opened at $71.29 on Tuesday. The firm’s fifty day simple moving average is $71.04 and its 200-day simple moving average is $76.76. The company has a market capitalization of $6.13 billion, a P/E ratio of 38.33 and a beta of 0.65. The Descartes Systems Group Inc. has a 12 month low of $62.56 and a 12 month high of $117.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 11th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $192.37 million for the quarter, compared to the consensus estimate of $188.09 million. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.70%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts forecast that The Descartes Systems Group Inc. will post 2.62 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.