Recent Investment Analysts’ Ratings Updates for The Descartes Systems Group (DSGX)

The Descartes Systems Group (NASDAQ: DSGX) recently received a number of ratings updates from brokerages and research firms:

• 3/3/2023 – The Descartes Systems Group had its price target raised by analysts at TD Securities from $85.00 to $90.00. They now have a “buy” rating on the stock.
• 3/2/2023 – The Descartes Systems Group had its price target raised by analysts at Stephens from $85.00 to $90.00. They now have an “overweight” rating on the stock.
• 3/2/2023 – The Descartes Systems Group had its price target raised by analysts at Royal Bank of Canada from $85.00 to $95.00. They now have an “outperform” rating on the stock.
• 3/2/2023 – The Descartes Systems Group had its price target raised by analysts at Raymond James from $71.00 to $73.00. They now have a “market perform” rating on the stock.
• 3/2/2023 – The Descartes Systems Group had its price target raised by analysts at BMO Capital Markets from $71.00 to $78.00. They now have a “market perform” rating on the stock.
• 1/19/2023 – The Descartes Systems Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/11/2023 – The Descartes Systems Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

The Descartes Systems Group Trading Down 0.9 %

DSGX stock opened at $75.60 on Wednesday. The stock has a market cap of $6.41 billion, a P/E ratio of 63.53 and a beta of 1.00. The stock’s fifty day simple moving average is $72.82 and its two-hundred day simple moving average is $69.75. The Descartes Systems Group Inc. has a 1-year low of $56.19 and a 1-year high of $79.08.

The Descartes Systems Group (NASDAQ:DSGX – Get Rating) (TSE:DSG) last issued its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The Descartes Systems Group had a net margin of 21.05% and a return on equity of 9.74%. The company had revenue of $125.10 million for the quarter, compared to the consensus estimate of $123.54 million. During the same period in the previous year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that The Descartes Systems Group Inc. will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The Descartes Systems Group

Several large investors have recently modified their holdings of DSGX. CIBC Private Wealth Group LLC grew its holdings in The Descartes Systems Group by 1.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 12,099 shares of the technology company’s stock valued at $843,000 after purchasing an additional 150 shares during the period. Pathstone Family Office LLC grew its stake in shares of The Descartes Systems Group by 1.9% during the 4th quarter. Pathstone Family Office LLC now owns 8,530 shares of the technology company’s stock worth $590,000 after acquiring an additional 155 shares during the period. Squarepoint Ops LLC increased its holdings in The Descartes Systems Group by 4.7% in the 4th quarter. Squarepoint Ops LLC now owns 3,452 shares of the technology company’s stock worth $240,000 after acquiring an additional 156 shares during the last quarter. MGO One Seven LLC raised its stake in The Descartes Systems Group by 5.9% in the 2nd quarter. MGO One Seven LLC now owns 3,411 shares of the technology company’s stock valued at $212,000 after acquiring an additional 190 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in The Descartes Systems Group by 9.9% during the third quarter. Van ECK Associates Corp now owns 2,437 shares of the technology company’s stock valued at $155,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 80.35% of the company’s stock.

The Descartes Systems Group, Inc provides on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. It uses modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community.