As Descartes Sys Group INC (DSGX) Share Value Declined, Holder Montrusco Bolton Investments INC Decreased Its Holding by $4.13 Million

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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 $18.03M, 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 $6.00B and $1.56B US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 1,879 shares to 19,219 shares, valued at $36.17M in 2019Q1, according to the filing. It also increased its holding in Granite Real Estate Invt Tr by 474,312 shares in the quarter, for a total of 1.08M shares, and has risen its stake in Blackrock Inc (NYSE:BLK).

Analysts await The Descartes Systems Group Inc (NASDAQ:DSGX) to report earnings on September, 4. They expect $0.10 EPS, 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 EPS 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: Benzinga.com which released: “Earnings Scheduled For May 29, 2019 – Benzinga” on May 29, 2019, also Globenewswire.com with their article: “National Airlines Streamlines Worldwide Mail Transportation with Descartes Velocity Mail Solution – GlobeNewswire” published on November 29, 2018, Benzinga.com published: “Descartes Completes Acquisition Of Management Systems Resources – Benzinga” on February 14, 2019. More interesting news about The Descartes Systems Group Inc (NASDAQ:DSGX) were released by: Nasdaq.com and their article: “Technology Sector Update for 03/25/2019: NCTY, DSGX, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” published on March 25, 2019 as well as Globenewswire.com‘s news article titled: “Descartes MacroPointâ„¢ Capacity Matching Helps Freight Brokers Address Tight Transportation Capacity Market – GlobeNewswire” with publication date: September 12, 2018.

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. The firm earned “Buy” rating on Thursday, March 7 by RBC Capital Markets. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, March 7. Barclays Capital maintained The Descartes Systems Group Inc (NASDAQ:DSGX) rating on Thursday, March 7. Barclays Capital has “Buy” rating and $41 target. TD Securities maintained the stock with “Buy” rating in Tuesday, June 11 report. The rating was maintained by IBC on Thursday, March 7 with “Buy”.

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

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