Blue Trust Inc. Has $63,000 Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Blue Trust Inc. lifted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 931.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 650 shares of the technology company’s stock after buying an additional 587 shares during the quarter. Blue Trust Inc.’s holdings in The Descartes Systems Group were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DSGX. Central Pacific Bank Trust Division acquired a new stake in shares of The Descartes Systems Group during the 1st quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. increased its position in The Descartes Systems Group by 703.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock worth $45,000 after acquiring an additional 429 shares during the period. Intact Investment Management Inc. bought a new position in The Descartes Systems Group during the second quarter worth about $61,000. Andra AP fonden bought a new position in The Descartes Systems Group during the second quarter worth about $77,000. Finally, Park Place Capital Corp increased its position in The Descartes Systems Group by 31.6% during the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DSGX. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Royal Bank of Canada reaffirmed 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. Scotiabank raised their price target on shares of 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 raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Finally, Barclays raised their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.17.

The Descartes Systems Group Price Performance

DSGX stock opened at $106.47 on Thursday. The company has a 50 day simple moving average of $101.88 and a 200 day simple moving average of $98.40. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 76.67 and a beta of 0.97. The Descartes Systems Group Inc. has a 1 year low of $70.92 and a 1 year high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data 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 company had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The Descartes Systems Group’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

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.