The Descartes Systems Group's (DSGX) "Outperform" Rating Reiterated at William Blair

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG's stock had its "outperform" rating reissued by research analysts at William Blair in a report released on Monday, Zacks.com reports. William Blair also issued estimates for The Descartes Systems Group's Q1 2026 earnings at $0.48 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS and Q4 2026 earnings at $0.55 EPS.

Several other equities analysts have also weighed in on DSGX. CIBC upped their price objective on shares of The Descartes Systems Group from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. TD Securities boosted their target price on shares of 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. Wolfe Research raised shares of The Descartes Systems Group from a "peer perform" rating to an "outperform" rating and set a $95.00 price objective for the company in a research report on Wednesday, January 10th. Barclays upped their price objective on shares of The Descartes Systems Group from $71.00 to $75.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 20th. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $97.78.

The Descartes Systems Group Price Performance

NASDAQ DSGX traded down $1.00 during trading on Monday, reaching $89.84. 81,625 shares of the company's stock were exchanged, compared to its average volume of 146,286. The business has a 50 day moving average price of $89.51 and a 200-day moving average price of $82.44. The stock has a market capitalization of $7.65 billion, a P/E ratio of 67.04 and a beta of 0.94. The Descartes Systems Group has a fifty-two week low of $69.59 and a fifty-two week high of $94.54.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. On average, analysts forecast that The Descartes Systems Group will post 1.66 earnings per share for the current year.

Institutional Trading of The Descartes Systems Group

Institutional investors have recently modified their holdings of the business. Citigroup Inc. lifted its stake in The Descartes Systems Group by 218.0% in the 1st quarter. Citigroup Inc. now owns 3,813 shares of the technology company's stock worth $279,000 after purchasing an additional 2,614 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in The Descartes Systems Group by 17.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,765 shares of the technology company's stock worth $788,000 after purchasing an additional 1,568 shares in the last quarter. Natixis Advisors L.P. lifted its stake in The Descartes Systems Group by 11.1% in the 1st quarter. Natixis Advisors L.P. now owns 17,167 shares of the technology company's stock worth $1,258,000 after purchasing an additional 1,721 shares in the last quarter. BlackRock Inc. lifted its stake in The Descartes Systems Group by 6.7% in the 1st quarter. BlackRock Inc. now owns 235,686 shares of the technology company's stock worth $17,266,000 after purchasing an additional 14,735 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in The Descartes Systems Group by 3.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 12,412 shares of the technology company's stock worth $967,000 after purchasing an additional 444 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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.