The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• The Descartes Systems Group Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $121.80.
• Institutional investors hold 77.73% of the company's stock, indicating strong confidence from larger investment groups.
• Despite a quarterly revenue increase of 10.0% year-over-year, the company reported an EPS of $0.43, falling short of analysts' expectations.

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG have been assigned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $121.80.

DSGX has been the topic of a number of recent analyst reports. TD Cowen restated a "buy" rating and set a $121.00 target price on shares of The Descartes Systems Group in a report on Friday, October 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of The Descartes Systems Group in a report on Wednesday, October 8th. Zacks Research upgraded The Descartes Systems Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Morgan Stanley assumed coverage on The Descartes Systems Group in a report on Monday, July 14th. They set an "equal weight" rating and a $110.00 target price on the stock. Finally, TD Securities assumed coverage on The Descartes Systems Group in a report on Friday, October 3rd. They set a "buy" rating and a $121.00 price objective on the stock.

Hedge Funds Weigh In On The Descartes Systems Group

Several institutional investors have recently modified their holdings of DSGX. Mather Group LLC. bought a new position in shares of The Descartes Systems Group during the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. bought a new position in shares of The Descartes Systems Group during the 1st quarter valued at about $49,000. SBI Securities Co. Ltd. lifted its holdings in shares of The Descartes Systems Group by 77.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 570 shares of the technology company's stock valued at $58,000 after purchasing an additional 248 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of The Descartes Systems Group by 35.1% during the 2nd quarter. Parallel Advisors LLC now owns 585 shares of the technology company's stock valued at $59,000 after purchasing an additional 152 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of The Descartes Systems Group by 23.2% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company's stock valued at $63,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Trading Up 1.5%

Shares of DSGX opened at $97.36 on Wednesday. The Descartes Systems Group has a 1 year low of $91.00 and a 1 year high of $124.31. The stock has a market cap of $8.37 billion, a P/E ratio of 57.61 and a beta of 0.77. The stock's 50-day moving average price is $99.15 and its two-hundred day moving average price is $102.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.06). The Descartes Systems Group had a return on equity of 10.41% and a net margin of 21.64%.The company had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. During the same quarter last year, the business posted $0.40 EPS. The Descartes Systems Group's quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that The Descartes Systems Group will post 1.64 EPS for the current year.

The Descartes Systems Group Company Profile

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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