The Descartes Systems Group (NASDAQ:DSGX) Rating Lowered to Sell at Wall Street Zen

Wall Street Zen downgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) from a hold rating to a sell rating in a research note released on Saturday.

Other research analysts have also recently issued research reports about the stock. Barclays decreased their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating for the company in a report on Thursday, June 5th. Royal Bank Of Canada decreased their price objective on shares of The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating for the company in a report on Thursday, June 5th. Morgan Stanley assumed coverage on shares of The Descartes Systems Group in a report on Monday, July 14th. They set an “equal weight” rating and a $110.00 price objective for the company. Finally, Stephens decreased their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.18.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $106.46 on Friday. The Descartes Systems Group has a one year low of $90.61 and a one year high of $124.31. The company has a 50 day moving average of $104.37 and a 200-day moving average of $106.84. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 64.13 and a beta of 0.81.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.05). The business had revenue of $168.74 million for the quarter, compared to analyst estimates of $169.60 million. The Descartes Systems Group had a return on equity of 10.53% and a net margin of 21.67%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities research analysts anticipate that The Descartes Systems Group will post 1.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of The Descartes Systems Group by 23.2% in the second quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock worth $63,000 after purchasing an additional 117 shares in the last quarter. Wealth Alliance LLC lifted its position in shares of The Descartes Systems Group by 5.4% in the first quarter. Wealth Alliance LLC now owns 2,297 shares of the technology company’s stock worth $232,000 after purchasing an additional 118 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of The Descartes Systems Group by 1.9% in the second quarter. Ritholtz Wealth Management now owns 6,540 shares of the technology company’s stock worth $665,000 after purchasing an additional 125 shares in the last quarter. Vista Finance LLC lifted its position in shares of The Descartes Systems Group by 4.0% in the second quarter. Vista Finance LLC now owns 3,245 shares of the technology company’s stock worth $330,000 after purchasing an additional 126 shares in the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of The Descartes Systems Group by 63.2% in the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

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.