The Descartes Systems Group (NASDAQ:DSGX) Sets New 1-Year High at $95.65

The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $95.65 and last traded at $95.56, with a volume of 71225 shares traded. The stock had previously closed at $91.64.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on The Descartes Systems Group from $88.00 to $94.00 and gave the stock a "market perform" rating in a report on Thursday, March 7th. TD Securities upped their price target on The Descartes Systems Group from $95.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Wolfe Research upgraded The Descartes Systems Group from a "peer perform" rating to an "outperform" rating and set a $95.00 price target on the stock in a research report on Wednesday, January 10th. Scotiabank upped their price target on The Descartes Systems Group from $95.00 to $100.00 and gave the company a "sector outperform" rating in a research report on Thursday, March 7th. Finally, Raymond James upped their price target on The Descartes Systems Group from $84.00 to $94.00 and gave the company a "market perform" rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.44.

The Descartes Systems Group Trading Up 2.7 %

The firm has a 50-day moving average of $89.79 and a 200 day moving average of $84.08. The company has a market cap of $8.02 billion, a P/E ratio of 70.44 and a beta of 0.94.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, March 6th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The company had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. During the same quarter in the prior year, the company earned $0.34 EPS. The firm's revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts predict that The Descartes Systems Group Inc. will post 1.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in The Descartes Systems Group by 5.5% in the first quarter. Fifth Third Bancorp now owns 2,377 shares of the technology company's stock worth $218,000 after acquiring an additional 123 shares in the last quarter. AtonRa Partners boosted its holdings in The Descartes Systems Group by 1.6% in the fourth quarter. AtonRa Partners now owns 8,639 shares of the technology company's stock worth $726,000 after acquiring an additional 137 shares in the last quarter. Signaturefd LLC boosted its holdings in The Descartes Systems Group by 26.7% in the third quarter. Signaturefd LLC now owns 697 shares of the technology company's stock worth $51,000 after acquiring an additional 147 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in The Descartes Systems Group by 0.3% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 51,532 shares of the technology company's stock worth $4,332,000 after acquiring an additional 173 shares in the last quarter. Finally, Prudential PLC boosted its holdings in The Descartes Systems Group by 1.8% in the fourth quarter. Prudential PLC now owns 10,778 shares of the technology company's stock worth $906,000 after acquiring an additional 193 shares in the last quarter. 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.