The Descartes Systems Group Inc. (NASDAQ:DSGX) Short Interest Update

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 442,200 shares, a growth of 7.3% from the December 31st total of 412,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 195,300 shares, the days-to-cover ratio is presently 2.3 days.

Analyst Upgrades and Downgrades

DSGX has been the topic of a number of recent analyst reports. StockNews.com raised shares of The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. TD Securities lifted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their target price on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, November 29th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $117.92.

Institutional Trading of The Descartes Systems Group

Institutional investors have recently bought and sold shares of the company. Mather Group LLC. boosted its position in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after acquiring an additional 181 shares during the last quarter. Trust Co. of Vermont bought a new stake in The Descartes Systems Group during the fourth quarter valued at $54,000. GAMMA Investing LLC boosted its position in The Descartes Systems Group by 4,950.0% during the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after acquiring an additional 495 shares during the last quarter. Allworth Financial LP raised its holdings in shares of The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after purchasing an additional 182 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of The Descartes Systems Group by 931.7% during the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock valued at $63,000 after purchasing an additional 587 shares during the period. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 0.1 %

Shares of The Descartes Systems Group stock opened at $115.67 on Tuesday. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 72.75 and a beta of 0.99. The company’s fifty day moving average is $116.22 and its 200 day moving average is $107.72. The Descartes Systems Group has a twelve month low of $84.12 and a twelve month high of $122.88.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the prior year, the firm posted $0.31 EPS. As a group, equities analysts anticipate that The Descartes Systems Group will post 1.64 earnings per share for the current fiscal year.

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.