Geneva Capital Management LLC Has $123.43 Million Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Geneva Capital Management LLC grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,468,407 shares of the technology company’s stock after acquiring an additional 6,497 shares during the quarter. The Descartes Systems Group accounts for 2.3% of Geneva Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Geneva Capital Management LLC owned approximately 1.73% of The Descartes Systems Group worth $123,434,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in The Descartes Systems Group by 8.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock valued at $160,912,000 after acquiring an additional 154,110 shares during the period. Fiera Capital Corp raised its position in shares of The Descartes Systems Group by 5.6% in the third quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company’s stock worth $163,085,000 after acquiring an additional 117,611 shares during the period. Russell Investments Group Ltd. raised its position in shares of The Descartes Systems Group by 14.8% in the fourth quarter. Russell Investments Group Ltd. now owns 253,893 shares of the technology company’s stock worth $21,420,000 after acquiring an additional 32,794 shares during the period. Toronto Dominion Bank raised its position in shares of The Descartes Systems Group by 37.7% in the third quarter. Toronto Dominion Bank now owns 109,676 shares of the technology company’s stock worth $8,048,000 after acquiring an additional 30,010 shares during the period. Finally, Legal & General Group Plc raised its position in shares of The Descartes Systems Group by 3.1% during the 3rd quarter. Legal & General Group Plc now owns 413,741 shares of the technology company’s stock worth $30,506,000 after purchasing an additional 12,312 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. Scotiabank upped their target price on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 7th. CIBC raised shares of The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and increased their price objective for the company from $96.50 to $101.00 in a research report on Tuesday, April 16th. Wolfe Research raised shares of The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Wednesday, January 10th. Finally, Stephens increased their price objective on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $98.44.

The Descartes Systems Group Price Performance

DSGX stock traded up $0.18 during midday trading on Thursday, reaching $97.78. 101,393 shares of the company’s stock traded hands, compared to its average volume of 169,603. The company has a market capitalization of $8.34 billion, a P/E ratio of 72.97 and a beta of 0.91. The Descartes Systems Group Inc. has a fifty-two week low of $69.59 and a fifty-two week high of $98.20. The business has a 50-day moving average price of $91.87 and a two-hundred day moving average price of $85.79.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, research analysts forecast that The Descartes Systems Group Inc. will post 1.69 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.