The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG shares hit a new 52-week high on Tuesday . The stock traded as high as $97.29 and last traded at $96.89, with a volume of 4224 shares traded. The stock had previously closed at $97.11.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on DSGX shares. TD Securities increased their price target on The Descartes Systems Group from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Friday. Raymond James raised their target price 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. Stephens raised their target price on The Descartes Systems Group from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Finally, CIBC upgraded The Descartes Systems Group from a "neutral" rating to a "sector outperform" rating and raised their target price for the company from $96.50 to $101.00 in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average price target of $98.44.
Get Our Latest Research Report on The Descartes Systems Group
The Descartes Systems Group Stock Performance
The stock has a market capitalization of $8.29 billion, a PE ratio of 72.58 and a beta of 0.91. The stock's 50 day moving average is $91.64 and its two-hundred day moving average is $85.71.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. During the same period last year, the company posted $0.34 EPS. The business's revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its stake in The Descartes Systems Group by 8.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company's stock worth $160,912,000 after purchasing an additional 154,110 shares in the last quarter. Fiera Capital Corp raised its position in shares of The Descartes Systems Group by 5.6% during the 3rd quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company's stock valued at $163,085,000 after buying an additional 117,611 shares during the period. Russell Investments Group Ltd. raised its position in shares of The Descartes Systems Group by 14.8% during the 4th quarter. Russell Investments Group Ltd. now owns 253,893 shares of the technology company's stock valued at $21,420,000 after buying an additional 32,794 shares during the period. Toronto Dominion Bank raised its position in shares of The Descartes Systems Group by 37.7% during the 3rd quarter. Toronto Dominion Bank now owns 109,676 shares of the technology company's stock valued at $8,048,000 after buying an additional 30,010 shares during the period. Finally, Legal & General Group Plc raised its position in shares of The Descartes Systems Group by 3.1% during the 3rd quarter. Legal & General Group Plc now owns 413,741 shares of the technology company's stock valued at $30,506,000 after buying an additional 12,312 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.
About The Descartes Systems Group
(
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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.
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