The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.
DSGX has been the subject of a number of other reports. Barclays boosted their target price on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the company an "underweight" rating in a research report on Tuesday, February 20th. Scotiabank upped their price objective on shares of The Descartes Systems Group from $95.00 to $100.00 and gave the company a "sector outperform" rating in a research note on Thursday, March 7th. Stephens increased their price target on shares of The Descartes Systems Group from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of The Descartes Systems Group from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Finally, CIBC upped their price objective on shares of The Descartes Systems Group from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $97.78.
View Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Stock Down 2.3 %
Shares of DSGX traded down $2.18 during trading hours on Tuesday, reaching $90.84. 92,623 shares of the company traded hands, compared to its average volume of 147,313. The stock has a market capitalization of $7.73 billion, a P/E ratio of 67.79 and a beta of 0.94. The Descartes Systems Group has a 12-month low of $69.59 and a 12-month high of $94.54. The business has a fifty day moving average price of $89.50 and a 200-day moving average price of $82.38.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. The firm had revenue of $148.20 million for the quarter, compared to analyst estimates of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, research analysts predict that The Descartes Systems Group will post 1.66 EPS for the current fiscal year.
Institutional Investors Weigh In On The Descartes Systems Group
A number of hedge funds and other institutional investors have recently modified their holdings of DSGX. Quadrature Capital Ltd grew its position in shares of The Descartes Systems Group by 13.6% in the 4th quarter. Quadrature Capital Ltd now owns 156,000 shares of the technology company's stock valued at $13,131,000 after buying an additional 18,700 shares during the last quarter. Accent Capital Management LLC purchased a new position in shares of The Descartes Systems Group in the 4th quarter valued at $32,000. Vanguard Group Inc. grew its position in shares of The Descartes Systems Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,096,740 shares of the technology company's stock valued at $260,312,000 after buying an additional 31,078 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of The Descartes Systems Group by 24.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 509,683 shares of the technology company's stock valued at $42,844,000 after buying an additional 99,268 shares during the last quarter. Finally, Zeno Equity Partners LLP purchased a new position in shares of The Descartes Systems Group in the 4th quarter valued at $11,108,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Company Profile
(
Get Free Report)
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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