The Descartes Systems Group (NASDAQ:DSGX) Stock Rating Reaffirmed by William Blair

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG)‘s stock had its “outperform” rating reiterated by William Blair in a report released on Monday, Zacks.com reports. William Blair also issued estimates for The Descartes Systems Group’s Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.55 EPS.

Several other equities analysts also recently commented on the company. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada increased their price objective on The Descartes Systems Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Stephens increased their price objective on The Descartes Systems Group from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Scotiabank increased their price objective on The Descartes Systems Group from $95.00 to $100.00 and gave the company a “sector outperform” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets raised their target price on The Descartes Systems Group from $88.00 to $94.00 and gave the stock a “market perform” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.78.

Get Our Latest Stock Analysis on The Descartes Systems Group

The Descartes Systems Group Stock Down 2.3 %

Shares of DSGX stock opened at $90.84 on Monday. The Descartes Systems Group has a 12 month low of $69.59 and a 12 month high of $94.54. The business’s 50 day moving average is $89.50 and its two-hundred day moving average is $82.38. The company has a market cap of $7.73 billion, a PE ratio of 67.79 and a beta of 0.94.

The Descartes Systems Group (NASDAQ:DSGXGet Free Report) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.62 million. During the same quarter last year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts expect that The Descartes Systems Group will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in shares of The Descartes Systems Group by 20.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,948,727 shares of the technology company’s stock valued at $762,578,000 after buying an additional 1,834,084 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of The Descartes Systems Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,096,740 shares of the technology company’s stock valued at $260,312,000 after buying an additional 31,078 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of The Descartes Systems Group by 0.7% in the third quarter. Conestoga Capital Advisors LLC now owns 3,020,914 shares of the technology company’s stock valued at $221,675,000 after buying an additional 20,875 shares in the last quarter. Durable Capital Partners LP increased its position in The Descartes Systems Group by 60.6% in the first quarter. Durable Capital Partners LP now owns 2,585,059 shares of the technology company’s stock worth $189,381,000 after purchasing an additional 975,727 shares during the period. Finally, Fiera Capital Corp increased its position in The Descartes Systems Group by 9.3% in the fourth quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock worth $204,169,000 after purchasing an additional 206,193 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

Receive News & Ratings for The Descartes Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.