Fiera Capital Corp Sells 35,773 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fiera Capital Corp trimmed its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,542,875 shares of the technology company’s stock after selling 35,773 shares during the quarter. Fiera Capital Corp owned approximately 2.97% of The Descartes Systems Group worth $288,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DSGX. Legato Capital Management LLC increased its position in shares of The Descartes Systems Group by 8.0% during the fourth quarter. Legato Capital Management LLC now owns 11,019 shares of the technology company’s stock worth $1,252,000 after buying an additional 813 shares during the period. Allspring Global Investments Holdings LLC boosted its position in The Descartes Systems Group by 18.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 665,134 shares of the technology company’s stock valued at $75,498,000 after acquiring an additional 102,208 shares during the last quarter. Lester Murray Antman dba SimplyRich acquired a new stake in The Descartes Systems Group during the 4th quarter worth about $224,000. Stephens Investment Management Group LLC raised its position in shares of The Descartes Systems Group by 9.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company’s stock worth $23,762,000 after acquiring an additional 18,233 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at about $409,000. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Down 3.9 %

Shares of NASDAQ DSGX opened at $114.05 on Thursday. The company has a market capitalization of $9.76 billion, a PE ratio of 71.73 and a beta of 0.99. The stock’s 50 day moving average price is $116.40 and its 200-day moving average price is $108.57. The Descartes Systems Group Inc. has a twelve month low of $84.12 and a twelve month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate 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 posted $0.31 earnings per share. As a group, research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Scotiabank raised their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada lifted their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 29th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Finally, Loop Capital began coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

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.