The Descartes Systems Group Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Descartes Systems Group in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" The Descartes Systems Group stock.
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The Descartes Systems Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 170,800 shares, a drop of 19.8% from the August 15th total of 213,000 shares. Based on an average daily volume of 64,000 shares, the short-interest ratio is currently 2.7 days. Approximately 0.2% of the shares of the company are short sold.
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The Descartes Systems Group is scheduled to release its next quarterly earnings announcement on Wednesday, December 1st 2021.
View our earnings forecast for The Descartes Systems Group.

The Descartes Systems Group Inc (NASDAQ:DSGX) released its earnings results on Tuesday, September, 7th. The technology company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.01. The technology company had revenue of $104.60 million for the quarter, compared to analysts' expectations of $100.83 million. The Descartes Systems Group had a trailing twelve-month return on equity of 7.94% and a net margin of 18.76%. The Descartes Systems Group's quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share.
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The Descartes Systems Group's stock was trading at $37.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, DSGX shares have increased by 131.5% and is now trading at $85.72.
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9 brokers have issued 12-month target prices for The Descartes Systems Group's stock. Their forecasts range from $68.50 to $96.00. On average, they anticipate The Descartes Systems Group's stock price to reach $86.94 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
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19 employees have rated The Descartes Systems Group CEO Ed Ryan on Glassdoor.com. Ed Ryan has an approval rating of 91% among The Descartes Systems Group's employees. This puts Ed Ryan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to The Descartes Systems Group include UiPath (PATH), ZoomInfo Technologies (ZI), Bill.com (BILL), Splunk (SPLK), Qualtrics International (XM), Asana (ASAN), Dynatrace (DT), Tyler Technologies (TYL), Coupa Software (COUP), NICE (NICE), Confluent (CFLT), Full Truck Alliance (YMM), SS&C Technologies (SSNC), Bentley Systems (BSY) and Nuance Communications (NUAN).
View all of DSGX's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Descartes Systems Group investors own include Pfizer (PFE), Walmart (WMT), AbbVie (ABBV), Mastercard (MA), NVIDIA (NVDA), Verizon Communications (VZ), Activision Blizzard (ATVI), The Kroger (KR), Visa (V) and Valero Energy (VLO).

The Descartes Systems Group trades on the NASDAQ under the ticker symbol "DSGX."

The Descartes Systems Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (12.79%), Bank of Montreal Can (6.19%), Jarislowsky Fraser Ltd (5.64%), Primecap Management Co. CA (5.15%), Conestoga Capital Advisors LLC (3.58%) and Vanguard Group Inc. (3.03%).

DSGX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Invesco Ltd., Primecap Management Co. CA, Bank of America Corp DE, Mackenzie Financial Corp, Royal Bank of Canada, Franklin Resources Inc., and The Manufacturers Life Insurance Company .

DSGX stock was bought by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Border to Coast Pensions Partnership Ltd, Bank of Montreal Can, FMR LLC, Jennison Associates LLC, Echo Street Capital Management LLC, Massachusetts Financial Services Co. MA, and American Century Companies Inc..

Shares of DSGX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DSGX stock can currently be purchased for approximately $85.72.

The Descartes Systems Group has a market capitalization of $7.25 billion and generates $348.66 million in revenue each year. The technology company earns $52.10 million in net income (profit) each year or $0.61 on an earnings per share basis.

The Descartes Systems Group employs 16,000 workers across the globe.

The following companies are subsidiares of The Descartes Systems Group: Peoplevox.

The Descartes Systems Group was founded in 1981.

The official website for The Descartes Systems Group is www.descartes.com.

The Descartes Systems Group is headquartered at 120 RANDALL ST, WATERLOO A6, N2V 1C6.

The Descartes Systems Group's mailing address is 120 RANDALL ST, WATERLOO A6, N2V 1C6. The technology company can be reached via phone at (519) 746-8110 or via email at [email protected].