Fiera Capital Corp Has $265.69 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Fiera Capital Corp increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,578,648 shares of the technology company’s stock after purchasing an additional 19,817 shares during the period. Fiera Capital Corp’s holdings in The Descartes Systems Group were worth $265,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DSGX. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Descartes Systems Group by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock worth $695,864,000 after buying an additional 278,796 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of The Descartes Systems Group by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock worth $326,238,000 after purchasing an additional 52,485 shares during the period. Vanguard Group Inc. raised its position in shares of The Descartes Systems Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after buying an additional 40,897 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock valued at $206,807,000 after buying an additional 91,301 shares during the period. Finally, Bank of Montreal Can grew its position in The Descartes Systems Group by 1.4% during the second quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock worth $147,434,000 after buying an additional 21,105 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. Barclays lifted their price target 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. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. Finally, Scotiabank boosted their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.17.

The Descartes Systems Group Trading Up 1.2 %

Shares of DSGX traded up $1.34 on Friday, reaching $114.68. 25,675 shares of the company’s stock traded hands, compared to its average volume of 151,409. The stock’s 50 day simple moving average is $103.01 and its two-hundred day simple moving average is $99.17. The stock has a market cap of $9.80 billion, a PE ratio of 77.26 and a beta of 0.97. The Descartes Systems Group Inc. has a 52-week low of $75.44 and a 52-week high of $114.69.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $163.43 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current 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.