Nicolet Advisory Services LLC Boosts Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Nicolet Advisory Services LLC lifted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,485 shares of the technology company’s stock after buying an additional 331 shares during the period. Nicolet Advisory Services LLC’s holdings in The Descartes Systems Group were worth $551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after purchasing an additional 117 shares during the period. Legacy Wealth Asset Management LLC grew its stake in The Descartes Systems Group by 3.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company’s stock worth $388,000 after buying an additional 137 shares during the period. Assenagon Asset Management S.A. increased its position in shares of The Descartes Systems Group by 4.3% in the second quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company’s stock worth $371,000 after acquiring an additional 158 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of The Descartes Systems Group by 3.5% during the 3rd quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock valued at $601,000 after acquiring an additional 197 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in The Descartes Systems Group by 31.6% during the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 1.5 %

Shares of NASDAQ DSGX opened at $116.08 on Friday. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 78.43 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $79.21 and a twelve month high of $117.24. The business has a 50 day simple moving average of $106.61 and a 200-day simple moving average of $100.69.

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 (EPS) 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 business had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on DSGX. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the company an “outperform” rating in a research note on Thursday, September 26th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.25.

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.