The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $117.92.

A number of equities research analysts have recently commented on DSGX shares. BMO Capital Markets increased their target price on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. 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. Scotiabank increased their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, November 29th.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $114.87 on Friday. The firm’s fifty day moving average is $116.19 and its two-hundred day moving average is $108.96. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 72.25 and a beta of 0.99. The Descartes Systems Group has a one year low of $84.12 and a one year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) 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 last year, the firm posted $0.31 earnings per share. As a group, equities research analysts predict that The Descartes Systems Group will post 1.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. increased its holdings 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 valued at $27,000 after acquiring an additional 181 shares in the last quarter. GeoWealth Management LLC grew its position in The Descartes Systems Group by 63.2% during the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock valued at $39,000 after acquiring an additional 132 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group in the 4th quarter worth about $43,000. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at about $54,000. Finally, GAMMA Investing LLC increased its position in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

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.