The Descartes Systems Group (NASDAQ:DSGX) Hits New 12-Month Low – What’s Next?

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $86.85 and last traded at $88.22, with a volume of 1086744 shares traded. The stock had previously closed at $88.21.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DSGX shares. CIBC cut their target price on shares of The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Descartes Systems Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. TD Cowen reaffirmed a “buy” rating and issued a $121.00 target price on shares of The Descartes Systems Group in a research report on Friday, October 3rd. Finally, Zacks Research raised shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.70.

The Descartes Systems Group Trading Up 0.0%

The company’s 50 day moving average price is $98.09 and its two-hundred day moving average price is $102.56. The firm has a market cap of $7.58 billion, a PE ratio of 52.20 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.06). The business had revenue of $178.98 million for the quarter, compared to analysts’ expectations of $176.51 million. The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DSGX. Bank of New York Mellon Corp lifted its stake in shares of The Descartes Systems Group by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 128,335 shares of the technology company’s stock valued at $12,940,000 after buying an additional 3,316 shares in the last quarter. M&T Bank Corp purchased a new position in shares of The Descartes Systems Group during the 1st quarter valued at $1,321,000. Genus Capital Management Inc. lifted its stake in shares of The Descartes Systems Group by 208.8% during the 1st quarter. Genus Capital Management Inc. now owns 59,209 shares of the technology company’s stock valued at $5,960,000 after buying an additional 113,653 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of The Descartes Systems Group by 25.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 626,632 shares of the technology company’s stock valued at $63,183,000 after buying an additional 125,146 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of The Descartes Systems Group by 12.4% during the 1st quarter. Whittier Trust Co. now owns 15,746 shares of the technology company’s stock valued at $1,588,000 after buying an additional 1,740 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

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.