Bessemer Group Inc. Has $15.52 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Bessemer Group Inc. boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,541 shares of the technology company’s stock after purchasing an additional 11,025 shares during the period. Bessemer Group Inc.’s holdings in The Descartes Systems Group were worth $15,517,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DSGX. Vanguard Group Inc. increased its stake 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 buying an additional 40,897 shares during the period. Conestoga Capital Advisors LLC raised its holdings in The Descartes Systems Group by 0.8% during the 1st quarter. Conestoga Capital Advisors LLC now owns 3,049,464 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 23,285 shares during the last quarter. Fiera Capital Corp lifted its position in shares of The Descartes Systems Group by 9.3% in the 4th quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock worth $204,169,000 after purchasing an additional 206,193 shares during the period. Mackenzie Financial Corp increased its position in shares of The Descartes Systems Group by 8.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock worth $160,912,000 after buying an additional 154,110 shares during the period. Finally, Geneva Capital Management LLC raised its stake in The Descartes Systems Group by 0.4% during the fourth quarter. Geneva Capital Management LLC now owns 1,468,407 shares of the technology company’s stock worth $123,434,000 after buying an additional 6,497 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DSGX has been the topic of a number of research reports. TD Securities upped their target price on The Descartes Systems Group from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a report on Friday, May 31st. Redburn Atlantic started coverage on shares of The Descartes Systems Group in a report on Tuesday, May 14th. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Raymond James raised their price target on shares of 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

The Descartes Systems Group Stock Up 0.9 %

DSGX stock traded up $0.84 during trading on Thursday, reaching $99.48. The stock had a trading volume of 25,292 shares, compared to its average volume of 163,327. The Descartes Systems Group Inc. has a one year low of $69.59 and a one year high of $104.71. The company’s 50 day moving average is $96.97 and its two-hundred day moving average is $92.48. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 70.46 and a beta of 0.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, May 29th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.02). The business had revenue of $151.30 million during the quarter, compared to the consensus estimate of $151.80 million. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, research analysts predict that The Descartes Systems Group Inc. will post 1.7 earnings per share for the current fiscal year.

About The Descartes Systems Group

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.