Bank of Montreal Can Has $156.34 Million Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Bank of Montreal Can lowered its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,532,493 shares of the technology company’s stock after selling 12,534 shares during the quarter. Bank of Montreal Can’s holdings in The Descartes Systems Group were worth $156,341,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Intact Investment Management Inc. acquired a new stake in The Descartes Systems Group during the second quarter worth $61,000. Blue Trust Inc. lifted its holdings in shares of The Descartes Systems Group by 931.7% during the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after acquiring an additional 587 shares during the period. Andra AP fonden acquired a new stake in shares of The Descartes Systems Group during the 2nd quarter valued at about $77,000. Park Place Capital Corp increased its stake in The Descartes Systems Group by 31.6% in the second quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock valued at $86,000 after acquiring an additional 212 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in The Descartes Systems Group by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company’s stock worth $116,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 1.0 %

DSGX stock opened at $117.25 on Tuesday. The business has a fifty day moving average of $106.61 and a 200-day moving average of $100.73. The company has a market cap of $10.02 billion, a P/E ratio of 79.22 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $79.21 and a twelve month high of $117.95.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DSGX shares. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of The Descartes Systems Group in a report on Thursday, September 5th. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. Scotiabank boosted their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Finally, National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Descartes Systems Group presently has a consensus rating of “Moderate Buy” and an average target price of $109.25.

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.