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

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $123.4444.

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Morgan Stanley assumed coverage on The Descartes Systems Group in a research note on Monday, July 14th. They set an “equal weight” rating and a $110.00 price objective for the company. Royal Bank Of Canada reduced their target price on The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating on the stock in a research note on Thursday, June 5th. Barclays reduced their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 5th. Finally, Zacks Research upgraded shares of The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $91.51 on Friday. The Descartes Systems Group has a fifty-two week low of $91.46 and a fifty-two week high of $124.31. The firm’s 50-day simple moving average is $101.58 and its 200 day simple moving average is $103.47. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 54.15 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. During the same quarter last year, the company posted $0.40 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts predict that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new stake in shares of The Descartes Systems Group in the 1st quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in The Descartes Systems Group in the 1st quarter worth approximately $49,000. SBI Securities Co. Ltd. lifted its holdings in shares of The Descartes Systems Group by 77.0% during the second quarter. SBI Securities Co. Ltd. now owns 570 shares of the technology company’s stock valued at $58,000 after purchasing an additional 248 shares in the last quarter. Parallel Advisors LLC lifted its stake in The Descartes Systems Group by 35.1% during the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company’s stock valued at $59,000 after acquiring an additional 152 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in 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 during the last quarter. Hedge funds and other 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.