The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG rose 2.3% during trading on Tuesday . The company traded as high as $89.74 and last traded at $89.39. Approximately 26,801 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 143,099 shares. The stock had previously closed at $87.35.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DSGX. Wolfe Research upgraded shares of The Descartes Systems Group from a "peer perform" rating to an "outperform" rating and set a $95.00 target price for the company in a research note on Wednesday, January 10th. StockNews.com raised shares of The Descartes Systems Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 10th. TD Securities upped their target price on The Descartes Systems Group from $95.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Barclays lifted their price target on The Descartes Systems Group from $71.00 to $75.00 and gave the stock an "underweight" rating in a report on Tuesday, February 20th. Finally, CIBC upgraded The Descartes Systems Group from a "neutral" rating to a "sector outperform" rating and upped their price objective for the company from $96.50 to $101.00 in a research note on Tuesday. One equities research 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's stock. According to MarketBeat, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average target price of $98.44.
Check Out Our Latest Analysis on DSGX
The Descartes Systems Group Price Performance
The stock has a market capitalization of $7.74 billion, a P/E ratio of 66.93 and a beta of 0.94. The stock has a fifty day moving average price of $89.56 and a 200 day moving average price of $83.44.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.07. The business had revenue of $148.20 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. Research analysts anticipate that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.
Hedge Funds Weigh In On The Descartes Systems Group
A number of institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in shares of The Descartes Systems Group in the fourth quarter worth approximately $27,000. Accent Capital Management LLC bought a new position in shares of The Descartes Systems Group in the 4th quarter worth $32,000. Captrust Financial Advisors raised its position in shares of The Descartes Systems Group by 270.8% during the 2nd quarter. Captrust Financial Advisors now owns 445 shares of the technology company's stock valued at $28,000 after buying an additional 325 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of The Descartes Systems Group during the 3rd quarter worth $35,000. Finally, Fred Alger Management LLC purchased a new position in The Descartes Systems Group in the third quarter worth $30,000. 77.73% of the stock is currently owned by institutional investors.
About The Descartes Systems Group
(
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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