The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $120.50.

Several equities research analysts have recently commented on DSGX shares. Barclays reduced their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Scotiabank raised their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 26th. CIBC lowered their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. BMO Capital Markets decreased their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating on the stock in a research note on Thursday, March 6th. Finally, StockNews.com lowered shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Institutional Trading of The Descartes Systems Group

Several hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $43,000. Jane Street Group LLC increased its stake in The Descartes Systems Group by 20.4% in the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after acquiring an additional 2,250 shares during the last quarter. Barclays PLC raised its holdings in shares of The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock worth $1,031,000 after acquiring an additional 270 shares in the last quarter. Canoe Financial LP bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at approximately $7,939,000. Finally, Geode Capital Management LLC grew its holdings in shares of The Descartes Systems Group by 10.7% in the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock valued at $50,277,000 after purchasing an additional 46,523 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 4.8 %

The Descartes Systems Group stock opened at $95.84 on Friday. The Descartes Systems Group has a 52-week low of $87.20 and a 52-week high of $124.31. The company has a market cap of $8.20 billion, a P/E ratio of 60.28 and a beta of 0.99. The business has a 50-day simple moving average of $108.55 and a two-hundred day simple moving average of $110.33.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. Research analysts anticipate that The Descartes Systems Group will post 1.64 EPS for the current fiscal year.

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.