The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 442,200 shares, an increase of 7.3% from the December 31st total of 412,200 shares. Based on an average daily volume of 195,300 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.5% of the company's stock are short sold.
The Descartes Systems Group Price Performance
Shares of NASDAQ:DSGX traded up $1.50 during trading on Thursday, hitting $118.93. 199,044 shares of the company's stock were exchanged, compared to its average volume of 195,068. The business's 50-day simple moving average is $116.22 and its 200 day simple moving average is $107.91. The Descartes Systems Group has a 52-week low of $84.12 and a 52-week high of $122.88. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 74.80 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (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 previous year, the business earned $0.31 EPS. On average, sell-side analysts anticipate that The Descartes Systems Group will post 1.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on DSGX. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Scotiabank increased their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, December 4th. TD Securities lifted their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price objective on 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. Finally, Barclays upgraded The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $88.00 to $125.00 in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.92.
Read Our Latest Stock Report on DSGX
Institutional Trading of The Descartes Systems Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Avior Wealth Management LLC lifted its position in The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company's stock valued at $440,000 after purchasing an additional 117 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of The Descartes Systems Group by 3.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company's stock valued at $388,000 after buying an additional 137 shares in the last quarter. Mather Group LLC. raised its position 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 buying an additional 181 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after acquiring an additional 182 shares during the last quarter. Finally, Assetmark Inc. grew its position in The Descartes Systems Group by 3.5% in the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company's stock worth $601,000 after acquiring an additional 197 shares in the last quarter. 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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