Fiera Capital Corp Reduces Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fiera Capital Corp decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,542,875 shares of the technology company’s stock after selling 35,773 shares during the quarter. Fiera Capital Corp’s holdings in The Descartes Systems Group were worth $288,746,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DSGX. National Bank of Canada FI boosted its holdings in shares of The Descartes Systems Group by 389.8% in the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock worth $71,911,000 after acquiring an additional 556,408 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in The Descartes Systems Group by 18.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 665,134 shares of the technology company’s stock worth $75,498,000 after purchasing an additional 102,208 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in The Descartes Systems Group by 12.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock worth $69,282,000 after purchasing an additional 72,501 shares during the period. Vontobel Holding Ltd. grew its holdings in The Descartes Systems Group by 52.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 210,280 shares of the technology company’s stock valued at $21,636,000 after buying an additional 72,435 shares in the last quarter. Finally, Canoe Financial LP bought a new stake in shares of The Descartes Systems Group during the fourth quarter valued at about $7,939,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 3.9 %

DSGX opened at $114.05 on Thursday. The company has a market cap of $9.76 billion, a P/E ratio of 71.73 and a beta of 0.99. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $124.31. The business’s 50-day moving average price is $116.40 and its 200-day moving average price is $108.57.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DSGX shares. StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 price target for the company. Royal Bank of Canada increased their price objective on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Finally, Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $117.92.

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.