The Descartes Systems Group Inc. (NASDAQ:DSGX) Holdings Lifted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC grew its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,168,594 shares of the technology company’s stock after purchasing an additional 52,485 shares during the quarter. The Descartes Systems Group makes up about 4.4% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its largest position. Conestoga Capital Advisors LLC owned 3.71% of The Descartes Systems Group worth $326,238,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings 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 acquiring an additional 278,796 shares during the period. Vanguard Group Inc. raised its position in The Descartes Systems Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after purchasing an additional 40,897 shares during the period. Fiera Capital Corp raised its holdings in shares of The Descartes Systems Group by 3.3% in the second quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock worth $248,024,000 after buying an additional 81,263 shares during the period. Mackenzie Financial Corp raised its holdings in shares of The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock worth $206,807,000 after buying an additional 91,301 shares during the period. Finally, Bank of Montreal Can increased its holdings in The Descartes Systems Group by 1.4% during the 2nd quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock worth $147,434,000 after purchasing an additional 21,105 shares during the period. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Stock Up 2.9 %

NASDAQ:DSGX traded up $2.99 during trading hours on Friday, reaching $106.92. The company had a trading volume of 37,109 shares, compared to its average volume of 150,433. The firm has a market capitalization of $9.14 billion, a PE ratio of 71.86 and a beta of 0.97. The stock has a 50-day moving average of $102.08 and a two-hundred day moving average of $98.49. The Descartes Systems Group Inc. has a one year low of $72.67 and a one year high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results 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). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DSGX. Scotiabank lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. BMO Capital Markets upped their price objective on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, September 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.17.

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.