Janus Henderson Group PLC boosted its position in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,467,191 shares of the technology company’s stock after purchasing an additional 140,860 shares during the quarter. Janus Henderson Group PLC owned about 2.93% of Descartes Systems Group worth $91,334,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of Descartes Systems Group in the 1st quarter valued at approximately $142,000. Enterprise Financial Services Corp acquired a new stake in shares of Descartes Systems Group in the 1st quarter valued at approximately $146,000. Centaurus Financial Inc. boosted its holdings in shares of Descartes Systems Group by 21.6% in the 1st quarter. Centaurus Financial Inc. now owns 4,249 shares of the technology company’s stock valued at $117,000 after buying an additional 754 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of Descartes Systems Group by 8.3% in the 2nd quarter. Advisor Group Inc. now owns 5,766 shares of the technology company’s stock valued at $213,000 after buying an additional 442 shares during the last quarter. Finally, Marco Investment Management LLC acquired a new stake in shares of Descartes Systems Group in the 1st quarter valued at approximately $211,000. 74.79% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on DSGX. ValuEngine downgraded Descartes Systems Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Haywood Securities set a $44.00 price target on Descartes Systems Group and gave the company a “buy” rating in a research note on Wednesday, June 5th. Royal Bank of Canada increased their price target on Descartes Systems Group from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, May 28th. They noted that the move was a valuation call. Raymond James set a $36.00 price target on Descartes Systems Group and gave the company a “market perform” rating in a research note on Thursday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $43.00 price target on shares of Descartes Systems Group in a research note on Thursday, May 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Descartes Systems Group has an average rating of “Hold” and a consensus price target of $42.88.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $80.54 million for the quarter, compared to analysts’ expectations of $80.32 million. Descartes Systems Group had a return on equity of 5.92% and a net margin of 10.58%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS. On average, equities research analysts predict that Descartes Systems Group Inc will post 0.35 earnings per share for the current year.
Descartes Systems Group Company Profile
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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