Montrusco Bolton Investments INC Holding in Descartes Sys Group INC (DSGX) Has Cut by $4.13 Million

The Descartes Systems Group Inc (NASDAQ:DSGX) Logo

Montrusco Bolton Investments Inc decreased its stake in Descartes Sys Group Inc (DSGX) by 18.93% based on its latest 2019Q1 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 105,897 shares as the company’s stock declined 9.27% . The institutional investor held 453,402 shares of the prepackaged software company at the end of 2019Q1, valued at $18.03 million, down from 559,299 at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Descartes Sys Group Inc for a number of months, seems to be less bullish one the $2.85B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $33.68. About 98,060 shares traded. The Descartes Systems Group Inc (NASDAQ:DSGX) has risen 14.15% since August 15, 2018 and is uptrending. It has outperformed by 14.15% the S&P500.

Montrusco Bolton Investments Inc, which manages about $6.00 billion and $1.56 billion US Long portfolio, upped its stake in Brookfield Asset Mgmt Inc (NYSE:BAM) by 168,850 shares to 2.03M shares, valued at $97.50M in 2019Q1, according to the filing. It also increased its holding in Cme Group Inc (NASDAQ:CME) by 43,828 shares in the quarter, for a total of 127,009 shares, and has risen its stake in Linde Plc.

Analysts await The Descartes Systems Group Inc (NASDAQ:DSGX) to report earnings on September, 4. They expect $0.10 earnings per share, down 9.09 % or $0.01 from last year’s $0.11 per share. DSGX’s profit will be $8.47 million for 84.20 P/E if the $0.10 EPS becomes a reality. After $0.09 actual earnings per share reported by The Descartes Systems Group Inc for the previous quarter, Wall Street now forecasts 11.11 % EPS growth.

More notable recent The Descartes Systems Group Inc (NASDAQ:DSGX) news were published by: Globenewswire.com which released: “Descartes To Acquire Visual Compliance / eCustoms Business – GlobeNewswire” on January 28, 2019, also Benzinga.com with their article: “Transplace Makes End-To-End Real-Time Visibility A Standard Offering – Benzinga” published on July 15, 2019, Globenewswire.com published: “Axle Logistics Enhances Service and Operational Performance with Descartes MacroPointâ„¢ Capacity Matching Solution – GlobeNewswire” on March 18, 2019. More interesting news about The Descartes Systems Group Inc (NASDAQ:DSGX) were released by: Globenewswire.com and their article: “Merchants Foodservice Streamlines Distribution Operations with Descartes’ Mobile Solution – GlobeNewswire” published on October 25, 2018 as well as Nasdaq.com‘s news article titled: “Why Many Fiber-Optic Networking Stocks Rose at Least 12% Last Month – Nasdaq” with publication date: March 11, 2019.

The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Coverage

Among 5 analysts covering Descartes (NASDAQ:DSGX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Descartes has $46 highest and $37 lowest target. $41.20’s average target is 22.33% above currents $33.68 stock price. Descartes had 6 analyst reports since March 7, 2019 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, March 7 report. TD Securities maintained the stock with “Buy” rating in Tuesday, June 11 report. The company was maintained on Thursday, March 7 by IBC. The firm has “Hold” rating given on Thursday, March 7 by BMO Capital Markets. The firm has “Buy” rating by Barclays Capital given on Thursday, March 7.

The Descartes Systems Group Inc (NASDAQ:DSGX) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.