The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $123.20 and last traded at $122.58, with a volume of 61746 shares traded. The stock had previously closed at $119.85.
Wall Street Analysts Forecast Growth
DSGX has been the topic of several research reports. Royal Bank of Canada raised their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, November 29th. Stephens raised shares of The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. Loop Capital assumed coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They set a "buy" rating and a $140.00 price objective on the stock. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Barclays upgraded The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $88.00 to $125.00 in a report on Friday, November 15th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and an average price target of $117.92.
Get Our Latest Research Report on DSGX
The Descartes Systems Group Price Performance
The stock's fifty day simple moving average is $116.40 and its 200-day simple moving average is $108.57. The firm has a market cap of $9.96 billion, a PE ratio of 73.23 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share 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 period in the previous year, the company posted $0.31 EPS. Analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.
Hedge Funds Weigh In On The Descartes Systems Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of The Descartes Systems Group by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after acquiring an additional 108 shares during the last quarter. 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 period. Legacy Wealth Asset Management LLC boosted its holdings in The Descartes Systems Group by 3.8% in the third quarter. Legacy Wealth Asset Management LLC now owns 3,771 shares of the technology company's stock valued at $388,000 after purchasing an additional 137 shares during the last quarter. Mather Group LLC. grew its position in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the period. Finally, Allworth Financial LP raised its stake in shares of The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Company Profile
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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.
Further Reading
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