Great West Life Assurance Co. Can Has $9.21 Million Stake in Descartes Systems Group Inc (DSGX)

Great West Life Assurance Co. Can decreased its position in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 23.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 271,282 shares of the technology company’s stock after selling 84,922 shares during the quarter. Great West Life Assurance Co. Can owned 0.35% of Descartes Systems Group worth $9,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its position in Descartes Systems Group by 3,015.9% during the 2nd quarter. Sei Investments Co. now owns 4,518 shares of the technology company’s stock valued at $147,000 after purchasing an additional 4,373 shares during the period. Keybank National Association OH acquired a new position in Descartes Systems Group during the 2nd quarter valued at about $222,000. Campbell & CO Investment Adviser LLC acquired a new position in Descartes Systems Group during the 3rd quarter valued at about $233,000. CLARET ASSET MANAGEMENT Corp lifted its position in Descartes Systems Group by 26.2% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 9,298 shares of the technology company’s stock valued at $315,000 after purchasing an additional 1,930 shares during the period. Finally, Signition LP acquired a new position in Descartes Systems Group during the 3rd quarter valued at about $485,000. 79.61% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on DSGX. BidaskClub upgraded shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research downgraded shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Finally, BMO Capital Markets set a $32.00 target price on shares of Descartes Systems Group and gave the company a “market perform” rating in a research report on Thursday, November 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Descartes Systems Group has an average rating of “Hold” and a consensus target price of $34.20.

Shares of NASDAQ:DSGX opened at $27.64 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of 71.13 and a beta of 0.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 1.11. Descartes Systems Group Inc has a fifty-two week low of $24.85 and a fifty-two week high of $35.87.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, November 28th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $70.00 million during the quarter, compared to analyst estimates of $69.69 million. Descartes Systems Group had a net margin of 11.24% and a return on equity of 5.88%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, analysts forecast that Descartes Systems Group Inc will post 0.42 EPS for the current fiscal year.

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About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Institutional Ownership by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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