The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has received an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $106.17.

Several equities research analysts have recently issued reports on the company. National Bank Financial raised The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. Scotiabank increased their price objective on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. Finally, Barclays boosted their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a research note on Thursday, September 5th.

Institutional Trading of The Descartes Systems Group

A number of hedge funds and other institutional investors have recently bought and sold shares of DSGX. Bessemer Group Inc. grew its position in shares of The Descartes Systems Group by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 169,541 shares of the technology company’s stock valued at $15,517,000 after purchasing an additional 11,025 shares in the last quarter. Russell Investments Group Ltd. grew its position in The Descartes Systems Group by 3.4% during the first quarter. Russell Investments Group Ltd. now owns 262,615 shares of the technology company’s stock worth $24,043,000 after buying an additional 8,722 shares in the last quarter. Ellsworth Advisors LLC bought a new position in The Descartes Systems Group in the 2nd quarter worth about $527,000. TD Asset Management Inc raised its holdings in shares of The Descartes Systems Group by 6.2% in the 1st quarter. TD Asset Management Inc now owns 820,432 shares of the technology company’s stock valued at $75,114,000 after acquiring an additional 47,949 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of The Descartes Systems Group by 527.7% during the 1st quarter. Acadian Asset Management LLC now owns 59,000 shares of the technology company’s stock valued at $5,398,000 after acquiring an additional 49,600 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

DSGX opened at $115.17 on Wednesday. The Descartes Systems Group has a fifty-two week low of $76.96 and a fifty-two week high of $116.73. The firm has a market capitalization of $9.84 billion, a P/E ratio of 77.82 and a beta of 0.97. The company’s 50-day moving average is $103.90 and its 200 day moving average is $99.70.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The Descartes Systems Group’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts expect that The Descartes Systems Group will post 1.69 earnings per share for the current year.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.