Avior Wealth Management LLC Grows Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Avior Wealth Management LLC boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,273 shares of the technology company’s stock after buying an additional 117 shares during the quarter. Avior Wealth Management LLC’s holdings in The Descartes Systems Group were worth $440,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of The Descartes Systems Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after acquiring an additional 40,897 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in The Descartes Systems Group by 7.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,649 shares of the technology company’s stock valued at $1,707,000 after purchasing an additional 1,294 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in The Descartes Systems Group by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,200 shares of the technology company’s stock worth $110,000 after purchasing an additional 600 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of The Descartes Systems Group during the first quarter worth $204,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of The Descartes Systems Group by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock worth $695,864,000 after buying an additional 278,796 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DSGX shares. Scotiabank upped their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets lifted their price target on The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a report on Thursday, September 5th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.25.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock opened at $114.48 on Friday. The company’s 50 day simple moving average is $105.92 and its 200-day simple moving average is $100.46. 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 $9.78 billion, a price-to-earnings ratio of 77.35 and a beta of 0.97.

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

The Descartes Systems Group 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.