Vista Finance LLC Grows Stock Holdings in The Descartes Systems Group Inc. $DSGX

Vista Finance LLC boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,245 shares of the technology company’s stock after buying an additional 126 shares during the period. Vista Finance LLC’s holdings in The Descartes Systems Group were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its stake in The Descartes Systems Group by 5.9% in the 1st quarter. American Century Companies Inc. now owns 223,925 shares of the technology company’s stock valued at $22,543,000 after buying an additional 12,571 shares in the last quarter. GAMMA Investing LLC grew its stake in The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after buying an additional 117 shares in the last quarter. Bank of New York Mellon Corp grew its stake in The Descartes Systems Group by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 128,335 shares of the technology company’s stock valued at $12,940,000 after buying an additional 3,316 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in The Descartes Systems Group in the 2nd quarter valued at approximately $1,230,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in The Descartes Systems Group by 60.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,692 shares of the technology company’s stock valued at $1,392,000 after buying an additional 5,184 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

NASDAQ DSGX opened at $96.28 on Friday. The Descartes Systems Group Inc. has a 52-week low of $91.00 and a 52-week high of $124.31. The company has a market capitalization of $8.27 billion, a P/E ratio of 56.97 and a beta of 0.77. The company has a fifty day moving average of $99.25 and a 200-day moving average of $103.00.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of The Descartes Systems Group in a research report on Wednesday, October 8th. TD Securities assumed coverage on shares of The Descartes Systems Group in a research report on Friday, October 3rd. They set a “buy” rating and a $121.00 price target for the company. Wall Street Zen upgraded shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Zacks Research upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, TD Cowen restated a “buy” rating and set a $121.00 price target on shares of The Descartes Systems Group in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $121.80.

The Descartes Systems Group Company 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.