The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.
DSGX has been the topic of a number of other research reports. William Blair restated an "outperform" rating on shares of The Descartes Systems Group in a report on Monday, April 1st. CIBC upgraded shares of The Descartes Systems Group from a "neutral" rating to a "sector outperform" rating and raised their price objective for the company from $96.50 to $101.00 in a research note on Tuesday, April 16th. Scotiabank lifted their price objective on The Descartes Systems Group from $95.00 to $100.00 and gave the stock a "sector outperform" rating in a report on Thursday, March 7th. 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 note on Tuesday, February 20th. Finally, 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 note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average target price of $98.44.
Read Our Latest Stock Report on The Descartes Systems Group
The Descartes Systems Group Price Performance
NASDAQ:DSGX traded up $0.18 during trading hours on Friday, hitting $95.48. The company had a trading volume of 126,398 shares, compared to its average volume of 169,844. The Descartes Systems Group has a 52 week low of $69.59 and a 52 week high of $96.66. The company has a market capitalization of $8.14 billion, a PE ratio of 71.25 and a beta of 0.91. The stock has a 50-day moving average price of $91.21 and a 200 day moving average price of $85.21.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.37 earnings per share 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 business had revenue of $148.20 million for the quarter, compared to analysts' expectations of $146.62 million. During the same period in the previous year, the firm posted $0.34 EPS. The business's revenue was up 18.5% on a year-over-year basis. Analysts anticipate that The Descartes Systems Group will post 1.69 EPS for the current fiscal year.
Institutional Investors Weigh In On The Descartes Systems Group
A number of large investors have recently made changes to their positions in DSGX. Brown Brothers Harriman & Co. purchased a new position in The Descartes Systems Group during the fourth quarter valued at approximately $27,000. Central Pacific Bank Trust Division purchased a new stake in shares of The Descartes Systems Group during the 1st quarter worth about $28,000. Accent Capital Management LLC acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $32,000. Operose Advisors LLC purchased a new position in shares of The Descartes Systems Group in the 3rd quarter valued at about $35,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of The Descartes Systems Group by 703.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company's stock valued at $45,000 after purchasing an additional 429 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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