The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Average Rating of “Hold” from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX – Get Rating) (TSE:DSG) have been given an average rating of “Hold” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $78.78.

Several research analysts recently weighed in on DSGX shares. Royal Bank of Canada boosted their price target on shares of The Descartes Systems Group from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, March 2nd. TD Securities boosted their price target on shares of The Descartes Systems Group from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. Wolfe Research cut shares of The Descartes Systems Group from an “outperform” rating to a “peer perform” rating in a research note on Thursday, November 17th. StockNews.com began coverage on shares of The Descartes Systems Group in a research note on Thursday. They issued a “buy” rating on the stock. Finally, BMO Capital Markets boosted their target price on shares of The Descartes Systems Group from $71.00 to $78.00 and gave the company a “market perform” rating in a research note on Thursday, March 2nd.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX opened at $76.32 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 64.13 and a beta of 1.00. The company has a 50-day moving average price of $73.89 and a 200-day moving average price of $70.06. The Descartes Systems Group has a 1 year low of $56.19 and a 1 year high of $79.08.

The Descartes Systems Group (NASDAQ:DSGX – Get Rating) (TSE:DSG) last issued its quarterly earnings data on Wednesday, March 1st. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The Descartes Systems Group had a net margin of 21.05% and a return on equity of 9.74%. The firm had revenue of $125.10 million during the quarter, compared to analysts’ expectations of $123.54 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Descartes Systems Group will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors and hedge funds have recently bought and sold shares of DSGX. Captrust Financial Advisors boosted its holdings in shares of The Descartes Systems Group by 270.8% during the 2nd quarter. Captrust Financial Advisors now owns 445 shares of the technology company’s stock valued at $28,000 after acquiring an additional 325 shares during the last quarter. Fred Alger Management LLC purchased a new position in The Descartes Systems Group during the third quarter valued at approximately $30,000. Gulf International Bank UK Ltd purchased a new position in The Descartes Systems Group during the fourth quarter valued at approximately $58,000. Barclays PLC raised its position in shares of The Descartes Systems Group by 6,573.7% during the third quarter. Barclays PLC now owns 1,268 shares of the technology company’s stock valued at $80,000 after buying an additional 1,249 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of The Descartes Systems Group by 58.9% during the third quarter. EverSource Wealth Advisors LLC now owns 1,351 shares of the technology company’s stock valued at $86,000 after buying an additional 501 shares during the last quarter. 80.35% of the stock is currently owned by institutional investors.

The Descartes Systems Group Company Profile

(Get Rating)

The Descartes Systems Group, Inc provides on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. It uses modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community.