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

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $98.44.

Several equities research analysts have recently weighed in on DSGX shares. William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st. BMO Capital Markets increased their price objective on shares of 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. TD Securities increased their price objective on shares of The Descartes Systems Group from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. CIBC upgraded shares of The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and increased their price objective for the stock from $96.50 to $101.00 in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $110.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, April 11th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted 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 lifted its stake in shares of The Descartes Systems Group by 0.8% in the first quarter. Conestoga Capital Advisors LLC now owns 3,049,464 shares of the technology company’s stock valued at $279,117,000 after buying an additional 23,285 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of 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 valued at $204,169,000 after buying an additional 206,193 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of The Descartes Systems Group by 8.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock valued at $160,912,000 after buying an additional 154,110 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of The Descartes Systems Group by 2.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,544,300 shares of the technology company’s stock valued at $113,339,000 after buying an additional 41,854 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $94.24 on Friday. The Descartes Systems Group has a 52-week low of $69.59 and a 52-week high of $96.10. The firm has a 50 day moving average price of $90.22 and a two-hundred day moving average price of $84.37. The stock has a market cap of $8.03 billion, a P/E ratio of 70.33 and a beta of 0.94.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The firm had revenue of $148.20 million during the quarter, compared to analysts’ expectations of $146.62 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Analysts predict that The Descartes Systems Group will post 1.69 earnings per share 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.