The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $105.49 and last traded at $105.34, with a volume of 12062 shares trading hands. The stock had previously closed at $104.05.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an "underweight" rating in a research report on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a "market perform" rating in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price objective on shares of The Descartes Systems Group in a report on Thursday, September 5th. Finally, Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the stock a "buy" rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $104.83.
View Our Latest Stock Analysis on DSGX
The Descartes Systems Group Stock Performance
The company has a market capitalization of $9.03 billion, a P/E ratio of 71.05 and a beta of 0.97. The stock has a 50 day moving average price of $99.52 and a 200 day moving average price of $96.92.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.
Institutional Investors Weigh In On The Descartes Systems Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in The Descartes Systems Group by 4.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company's stock valued at $371,000 after acquiring an additional 158 shares during the period. Park Place Capital Corp raised its stake in The Descartes Systems Group by 31.6% in the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company's stock valued at $86,000 after acquiring an additional 212 shares during the period. Parkside Financial Bank & Trust raised its stake in The Descartes Systems Group by 18.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company's stock valued at $137,000 after acquiring an additional 219 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in The Descartes Systems Group by 28.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company's stock valued at $122,000 after acquiring an additional 279 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in The Descartes Systems Group in the 1st quarter valued at about $28,000. 77.73% of the stock is currently owned by institutional investors.
About The Descartes Systems Group
(
Get Free Report)
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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