The Descartes Systems Group (NASDAQ:DSGX) Reaches New 12-Month High – Still a Buy?

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $123.20 and last traded at $122.58, with a volume of 61746 shares changing hands. The stock had previously closed at $119.85.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DSGX shares. TD Securities boosted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Royal Bank of Canada lifted their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 29th. Finally, Scotiabank upped their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Price Performance

The stock has a market cap of $10.16 billion, a PE ratio of 74.65 and a beta of 0.99. The company has a 50 day moving average price of $116.51 and a two-hundred day moving average price of $108.53.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, equities analysts predict that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DSGX. Mather Group LLC. grew its position in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock worth $27,000 after purchasing an additional 181 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group in the 4th quarter worth $43,000. Trust Co. of Vermont purchased a new position in shares of The Descartes Systems Group in the 4th quarter worth $54,000. GAMMA Investing LLC grew its holdings in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after acquiring an additional 495 shares during the period. Finally, Blue Trust Inc. increased its position in The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after acquiring an additional 587 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

About The Descartes Systems Group

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.