The Descartes Systems Group (NASDAQ:DSGX - Free Report) TSE: DSG had its price target reduced by Stephens from $145.00 to $137.00 in a report published on Thursday, MarketBeat Ratings reports. They currently have an overweight rating on the technology company's stock.
A number of other brokerages have also recently commented on DSGX. Scotiabank boosted their price target on 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 boosted their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Barclays cut their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Thursday. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their price objective on shares of The Descartes Systems Group from $115.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.33.
Read Our Latest Stock Report on DSGX
The Descartes Systems Group Trading Down 4.0 %
DSGX traded down $4.02 during trading on Thursday, reaching $96.40. The stock had a trading volume of 752,161 shares, compared to its average volume of 184,725. The Descartes Systems Group has a one year low of $87.20 and a one year high of $124.31. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 60.63 and a beta of 0.99. The stock's 50 day moving average is $114.29 and its two-hundred day moving average is $110.25.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million during the quarter, compared to analysts' expectations of $169.97 million. On average, equities research analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in DSGX. Mackenzie Financial Corp grew its position in The Descartes Systems Group by 130.4% in the 4th quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock worth $561,827,000 after purchasing an additional 2,800,492 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of The Descartes Systems Group by 2.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 15,468 shares of the technology company's stock worth $1,758,000 after buying an additional 345 shares during the last quarter. Sone Capital Management LLC bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth $4,754,000. Squarepoint Ops LLC bought a new position in The Descartes Systems Group in the fourth quarter valued at about $712,000. Finally, Two Sigma Investments LP boosted its position in The Descartes Systems Group by 33.5% in the fourth quarter. Two Sigma Investments LP now owns 171,713 shares of the technology company's stock worth $19,507,000 after purchasing an additional 43,092 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.
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.
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