The Descartes Systems Group (NASDAQ:DSGX) Receives Hold (C+) Rating from Weiss Ratings

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG)‘s stock had its “hold (c+)” rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the company. Zacks Research upgraded The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 2nd. Morgan Stanley initiated coverage on The Descartes Systems Group in a research note on Monday, July 14th. They set an “equal weight” rating and a $110.00 target price on the stock. TD Securities initiated coverage on The Descartes Systems Group in a research note on Friday, October 3rd. They set a “buy” rating and a $121.00 target price on the stock. Wall Street Zen upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, TD Cowen restated a “buy” rating and set a $121.00 target price on shares of The Descartes Systems Group in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.80.

The Descartes Systems Group Trading Up 2.4%

Shares of NASDAQ:DSGX opened at $97.34 on Wednesday. The Descartes Systems Group has a 12-month low of $91.00 and a 12-month high of $124.31. The business’s fifty day simple moving average is $100.36 and its 200-day simple moving average is $103.28. The company has a market capitalization of $8.37 billion, a PE ratio of 57.60 and a beta of 0.77.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The company had revenue of $178.98 million during the quarter, compared to analysts’ expectations of $176.51 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Research analysts predict that The Descartes Systems Group will post 1.64 EPS for the current year.

Institutional Trading of The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in DSGX. NBC Securities Inc. acquired a new position in shares of The Descartes Systems Group in the 1st quarter valued at about $25,000. Vista Finance LLC lifted its holdings in shares of The Descartes Systems Group by 7.0% in the 1st quarter. Vista Finance LLC now owns 3,119 shares of the technology company’s stock valued at $314,000 after buying an additional 203 shares during the period. Louisbourg Investments Inc. lifted its holdings in shares of The Descartes Systems Group by 260.2% in the 1st quarter. Louisbourg Investments Inc. now owns 18,335 shares of the technology company’s stock valued at $1,848,000 after buying an additional 13,245 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of The Descartes Systems Group by 9.8% in the 1st quarter. Avior Wealth Management LLC now owns 4,320 shares of the technology company’s stock valued at $436,000 after buying an additional 384 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in shares of The Descartes Systems Group in the 1st quarter valued at about $141,000. Hedge funds and other institutional investors 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.