The Descartes Systems Group Inc. (NASDAQ:DSGX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $117.92.

Several equities research analysts recently commented on DSGX shares. Loop Capital started coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. TD Securities increased their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Royal Bank of Canada increased 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 report on Friday, November 29th. Finally, Stephens upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DSGX. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. GeoWealth Management LLC raised its holdings in shares of The Descartes Systems Group by 63.2% during the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock valued at $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at $54,000. Finally, GAMMA Investing LLC grew its stake in The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after buying an additional 495 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX opened at $113.57 on Friday. The company has a market cap of $9.72 billion, a PE ratio of 71.43 and a beta of 0.99. The Descartes Systems Group has a 52 week low of $84.12 and a 52 week high of $124.31. The firm has a 50 day simple moving average of $115.84 and a 200 day simple moving average of $109.16.

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 the consensus estimate 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 previous year, the company posted $0.31 earnings per share. On average, equities analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current 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.