Pembroke Management LTD Has $28.01 Million Holdings in Descartes Systems Group Inc (NASDAQ:DSGX)

Pembroke Management LTD reduced its stake in shares of Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 17.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 578,150 shares of the technology company’s stock after selling 118,600 shares during the period. Descartes Systems Group comprises 3.0% of Pembroke Management LTD’s investment portfolio, making the stock its 9th biggest position. Pembroke Management LTD owned approximately 0.69% of Descartes Systems Group worth $28,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Summit Creek Advisors LLC grew its position in shares of Descartes Systems Group by 0.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 422,330 shares of the technology company’s stock valued at $15,605,000 after acquiring an additional 1,240 shares during the period. Hardy Reed LLC bought a new position in shares of Descartes Systems Group during the 2nd quarter valued at approximately $222,000. Navellier & Associates Inc bought a new position in shares of Descartes Systems Group during the 2nd quarter valued at approximately $614,000. Addenda Capital Inc. grew its position in shares of Descartes Systems Group by 4.4% during the 2nd quarter. Addenda Capital Inc. now owns 451,174 shares of the technology company’s stock valued at $16,728,000 after acquiring an additional 18,840 shares during the period. Finally, Riverbridge Partners LLC bought a new position in shares of Descartes Systems Group during the 2nd quarter valued at approximately $26,018,000. 74.53% of the stock is owned by hedge funds and other institutional investors.

NASDAQ DSGX traded down $0.73 on Friday, hitting $35.57. The stock had a trading volume of 71,173 shares, compared to its average volume of 100,874. Descartes Systems Group Inc has a 52-week low of $25.19 and a 52-week high of $41.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.05 billion, a P/E ratio of 88.93 and a beta of 0.67. The business has a 50-day moving average of $37.17.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). The company had revenue of $78.00 million for the quarter, compared to analysts’ expectations of $78.60 million. Descartes Systems Group had a net margin of 11.05% and a return on equity of 5.96%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. Equities research analysts expect that Descartes Systems Group Inc will post 0.41 EPS for the current year.

A number of analysts recently commented on the stock. BMO Capital Markets restated a “market perform” rating and set a $43.00 price target on shares of Descartes Systems Group in a research note on Thursday, May 30th. They noted that the move was a valuation call. TD Securities assumed coverage on shares of Descartes Systems Group in a research note on Tuesday, June 11th. They set a “buy” rating and a $46.00 price target on the stock. Stephens assumed coverage on shares of Descartes Systems Group in a research note on Monday, July 1st. They set an “equal weight” rating and a $40.00 price target on the stock. Raymond James upped their price target on shares of Descartes Systems Group from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, May 30th. Finally, CIBC cut shares of Descartes Systems Group from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Descartes Systems Group has an average rating of “Hold” and a consensus target price of $42.86.

Descartes Systems Group Profile

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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