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

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has received an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $116.30.

A number of brokerages have commented on DSGX. Zacks Research upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. CIBC dropped their target price on The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. TD Cowen reissued a “buy” rating and set a $121.00 price target on shares of The Descartes Systems Group in a report on Friday, October 3rd. Scotiabank cut their price objective on shares of The Descartes Systems Group from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of The Descartes Systems Group in a research note on Monday.

The Descartes Systems Group Trading Down 1.8%

Shares of NASDAQ DSGX opened at $89.01 on Thursday. The company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 50.29 and a beta of 0.74. The Descartes Systems Group has a twelve month low of $78.88 and a twelve month high of $124.31. The business has a 50 day simple moving average of $88.75 and a 200-day simple moving average of $97.19.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $186.78 million during the quarter, compared to the consensus estimate of $184.24 million. The Descartes Systems Group had a net margin of 22.10% and a return on equity of 10.57%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, equities analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Institutional Trading of The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management increased its holdings in shares of The Descartes Systems Group by 1.7% in the third quarter. Ritholtz Wealth Management now owns 6,654 shares of the technology company’s stock valued at $627,000 after purchasing an additional 114 shares in the last quarter. GAMMA Investing LLC boosted its position in The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after buying an additional 117 shares during the last quarter. Vista Finance LLC boosted its position in The Descartes Systems Group by 4.0% in the 2nd quarter. Vista Finance LLC now owns 3,245 shares of the technology company’s stock valued at $330,000 after buying an additional 126 shares during the last quarter. AXA S.A. increased its stake in shares of The Descartes Systems Group by 2.0% in the 2nd quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock valued at $681,000 after buying an additional 130 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of The Descartes Systems Group by 24.8% during the third quarter. Versant Capital Management Inc now owns 660 shares of the technology company’s stock worth $62,000 after acquiring an additional 131 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

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.