Segall Bryant & Hamill LLC Has $50.87 Million Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Segall Bryant & Hamill LLC boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 447,808 shares of the technology company’s stock after buying an additional 9,255 shares during the quarter. The Descartes Systems Group makes up 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 20th largest holding. Segall Bryant & Hamill LLC owned 0.52% of The Descartes Systems Group worth $50,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Mather Group LLC. raised its stake in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group in the fourth quarter worth about $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the fourth quarter valued at approximately $54,000. GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after buying an additional 495 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after buying an additional 182 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DSGX has been the subject of several recent analyst reports. BMO Capital Markets cut their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Scotiabank increased their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. CIBC lowered their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reduced their price target on The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.33.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock opened at $102.92 on Tuesday. The Descartes Systems Group Inc. has a 1 year low of $87.20 and a 1 year high of $124.31. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 64.73 and a beta of 0.99. The company has a 50-day moving average of $111.31 and a 200 day moving average of $110.23.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current 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.