Shares of Descartes Systems Group Inc. (NASDAQ:DSGX) acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX – Free Report) (TSE:DSG) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,417 shares of the technology company’s stock after acquiring an additional 219 shares during the quarter. Parkside Financial Bank & Trust’s holdings in The Descartes Systems Group were worth $137,000 at the end of the most recent reporting period.

Other hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in The Descartes Systems Group in the fourth quarter valued at $27,000. Central Pacific Bank Trust Division purchased a new position in The Descartes Systems Group in the first quarter worth about $28,000. Accent Capital Management LLC acquired a new position in The Descartes Systems Group in the 4th quarter valued at approximately $32,000. Whittier Trust Co. of Nevada Inc. increased its position in The Descartes Systems Group by 703.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after acquiring an additional 429 shares in the last quarter. Finally, Park Place Capital Corp grew its stake in The Descartes Systems Group by 48.5% in the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s shares.

Descartes Systems Group Share Performance

Shares of NASDAQ DSGX opened at $94.62 on Friday. The stock’s 50-day simple moving average is $99.05 and its 200-day simple moving average is $95.09. The firm has a market cap of $8.08 billion, a PE ratio of 67.59 and a beta of 0.98. Descartes Systems Group Inc. it has a fifty-two week low of $69.59 and a fifty-two week high of $104.71.

Descartes Systems Group (NASDAQ:DSGX – Get Your Free Report ) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Descartes Systems Group had a return on equity of 9.96% and a net margin of 20.62%. The company had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. During the same period in the previous year, the business posted EPS of $0.32. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, sell-side analysts estimate that The Descartes Systems Group Inc. will post 1.7 earnings per share for the current fiscal year.

Changes in Analyst Ratings

Several research analysts recently commented on the stock. Redburn Atlantic started coverage on shares of The Descartes Systems Group in a research note on Tuesday, May 14th. They issued a “neutral” rating and a $90.00 price objective for the company. BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a research note on Thursday. CIBC boosted their price objective on The Descartes Systems Group from $101.00 to $108.00 and gave the company an “outperform” rating in a research note on Thursday, May 30th. Barclays boosted their price target on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Raymond James upped their price target on The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research report on Friday. May 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.00, according to MarketBeat.com.

Check out our latest research report on DSGX

Descartes Systems Group Company Profile

(Free report)

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 offers a suite of solutions that include routing, mobile and telematics; transport management; e-commerce, delivery and fulfillment; customs and regulatory compliance; global business information; broker and shipper enterprise systems; and B2B messaging and connectivity services.

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