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

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $104.83.

Several brokerages have weighed in on DSGX. National Bankshares set a $125.00 price target on shares of The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets raised their price target on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DSGX. Westfield Capital Management Co. LP purchased a new stake in The Descartes Systems Group during the first quarter valued at $47,481,000. Price T Rowe Associates Inc. MD increased its holdings in shares of The Descartes Systems Group by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock worth $695,864,000 after buying an additional 278,796 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of The Descartes Systems Group during the 2nd quarter valued at about $20,608,000. Grandeur Peak Global Advisors LLC bought a new position in shares of The Descartes Systems Group in the 1st quarter valued at about $19,264,000. Finally, Zeno Equity Partners LLP purchased a new position in The Descartes Systems Group in the fourth quarter worth about $11,108,000. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $106.04 on Friday. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 75.74 and a beta of 0.97. The business has a fifty day moving average price of $100.19 and a 200-day moving average price of $97.28. The Descartes Systems Group has a one year low of $69.59 and a one year high of $108.02.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $0.32 EPS. On average, equities research analysts expect 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.