National Bank Financial Analysts Give The Descartes Systems Group (NASDAQ:DSGX) a $95.00 Price Target

National Bank Financial set a $95.00 price target on The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) in a research note released on Tuesday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an “outperformer” rating in a research report on Thursday, June 4th. Zacks Research downgraded shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Loop Capital reissued a “buy” rating and issued a $96.00 target price on shares of The Descartes Systems Group in a report on Thursday, June 4th. Rothschild & Co Redburn upgraded The Descartes Systems Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $100.00 to $90.00 in a research note on Thursday, April 16th. Finally, Raymond James Financial cut their price objective on shares of The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.54.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $75.91 on Tuesday. The Descartes Systems Group has a 1 year low of $62.56 and a 1 year high of $109.00. The stock has a market capitalization of $6.50 billion, a PE ratio of 37.95 and a beta of 0.64. The stock has a 50-day simple moving average of $71.47 and a 200-day simple moving average of $73.01.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, June 3rd. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The Descartes Systems Group had a net margin of 23.35% and a return on equity of 11.17%. The firm had revenue of $166.96 million for the quarter, compared to analysts’ expectations of $193.57 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. Analysts predict that The Descartes Systems Group will post 2.37 EPS for the current year.

Institutional Trading of The Descartes Systems Group

A number of large investors have recently made changes to their positions in DSGX. AXA S.A. increased its position in The Descartes Systems Group by 2.0% during the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after buying an additional 130 shares during the period. Reynders McVeigh Capital Management LLC boosted its holdings in shares of The Descartes Systems Group by 0.3% in the third quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company’s stock valued at $5,207,000 after acquiring an additional 140 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in shares of The Descartes Systems Group by 4.1% in the second quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company’s stock valued at $368,000 after acquiring an additional 143 shares during the period. GAMMA Investing LLC grew its position in shares of The Descartes Systems Group by 18.7% during the fourth quarter. GAMMA Investing LLC now owns 1,049 shares of the technology company’s stock worth $92,000 after acquiring an additional 165 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of The Descartes Systems Group by 19.2% during the fourth quarter. Federated Hermes Inc. now owns 1,098 shares of the technology company’s stock worth $96,000 after acquiring an additional 177 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.