The Descartes Systems Group (NASDAQ:DSGX) Sets New 52-Week High - Should You Buy?

The Descartes Systems Group Inc. (NASDAQ:DSGX - Get Free Report) TSE: DSG reached a new 52-week high on Monday . The stock traded as high as $117.20 and last traded at $117.20, with a volume of 108 shares trading hands. The stock had previously closed at $115.00.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price objective on 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. Scotiabank increased their price target on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Thursday, September 26th. National Bank Financial raised shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. Finally, Barclays lifted their target price on shares of The Descartes Systems Group from $87.00 to $88.00 and gave the company an "underweight" rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The Descartes Systems Group presently has an average rating of "Moderate Buy" and a consensus target price of $106.17.

The Descartes Systems Group Stock Up 0.6 %

The stock has a market capitalization of $9.88 billion, a P/E ratio of 78.31 and a beta of 0.97. The business has a fifty day moving average price of $103.29 and a 200-day moving average price of $99.41.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The company had revenue of $163.43 million for the quarter, compared to the consensus estimate of $160.17 million. During the same quarter in the prior year, the company posted $0.32 EPS. The Descartes Systems Group's revenue was up 14.0% on a year-over-year basis. On average, equities analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On The Descartes Systems Group

Institutional investors and hedge funds have recently modified their holdings of the company. Intact Investment Management Inc. bought a new position in The Descartes Systems Group in the second quarter valued at about $61,000. Blue Trust Inc. lifted its stake in shares of The Descartes Systems Group by 931.7% in the 3rd quarter. Blue Trust Inc. now owns 650 shares of the technology company's stock worth $63,000 after purchasing an additional 587 shares during the period. Andra AP fonden purchased a new position in shares of The Descartes Systems Group in the second quarter worth approximately $77,000. Park Place Capital Corp grew its position in The Descartes Systems Group by 31.6% during the second quarter. Park Place Capital Corp now owns 883 shares of the technology company's stock valued at $86,000 after buying an additional 212 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in The Descartes Systems Group by 143.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,194 shares of the technology company's stock valued at $116,000 after buying an additional 704 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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.