The Descartes Systems Group (NASDAQ:DSGX) Upgraded at National Bank Financial

National Bank Financial upgraded shares of The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) to a strong-buy rating in a report released on Wednesday, Zacks.com reports.

Several other research analysts have also issued reports on DSGX. BMO Capital Markets increased their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a market perform rating in a research note on Thursday, September 5th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the stock a buy rating in a research report on Thursday, September 5th. Stephens raised their target price on The Descartes Systems Group from $107.00 to $110.00 and gave the company an overweight rating in a research note on Thursday, May 30th. CIBC upped their price target on The Descartes Systems Group from $101.00 to $108.00 and gave the stock an outperform rating in a research note on Thursday, May 30th. Finally, Raymond James boosted their price objective on The Descartes Systems Group from $94.00 to $96.00 and gave the company a market perform rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $104.83.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $102.18 on Wednesday. The business has a 50-day moving average of $99.17 and a 200-day moving average of $96.35. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 72.99 and a beta of 0.98. The Descartes Systems Group has a 1 year low of $69.59 and a 1 year high of $105.12.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. As a group, sell-side analysts anticipate that The Descartes Systems Group will post 1.67 EPS for the current year.

Institutional Investors Weigh In On The Descartes Systems Group

Large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of The Descartes Systems Group by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock valued at $695,864,000 after acquiring an additional 278,796 shares during the period. Vanguard Group Inc. grew its position in shares of The Descartes Systems Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,137,637 shares of the technology company’s stock valued at $287,188,000 after purchasing an additional 40,897 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in shares of The Descartes Systems Group by 2.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,116,109 shares of the technology company’s stock valued at $301,764,000 after purchasing an additional 66,645 shares in the last quarter. Fiera Capital Corp raised its position in shares of The Descartes Systems Group by 3.3% in the second quarter. Fiera Capital Corp now owns 2,558,831 shares of the technology company’s stock worth $248,024,000 after buying an additional 81,263 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of The Descartes Systems Group by 4.5% in the second quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock worth $206,807,000 after buying an additional 91,301 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Company Profile

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.