Shares of Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.79.
Several equities research analysts have recently weighed in on DSGX shares. BidaskClub raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.00 target price (down previously from $33.00) on shares of Descartes Systems Group in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, ValuEngine raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Monday, April 2nd.
Several institutional investors and hedge funds have recently bought and sold shares of DSGX. Citadel Advisors LLC bought a new stake in Descartes Systems Group during the 4th quarter worth about $288,000. Legal & General Group Plc grew its holdings in Descartes Systems Group by 48.2% during the 3rd quarter. Legal & General Group Plc now owns 11,549 shares of the technology company’s stock worth $314,000 after acquiring an additional 3,754 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Descartes Systems Group by 13.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 15,285 shares of the technology company’s stock worth $418,000 after acquiring an additional 1,829 shares during the last quarter. DF Dent & Co. Inc. bought a new stake in Descartes Systems Group during the 3rd quarter worth about $480,000. Finally, Millennium Management LLC bought a new stake in Descartes Systems Group during the 4th quarter worth about $782,000. 78.26% of the stock is currently owned by institutional investors and hedge funds.
Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Monday, March 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $63.60 million during the quarter, compared to the consensus estimate of $63.07 million. Descartes Systems Group had a net margin of 11.34% and a return on equity of 5.74%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. analysts predict that Descartes Systems Group will post 0.48 earnings per share for the current fiscal year.
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About Descartes Systems Group
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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