The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
DSGX has been the topic of a number of other reports. Royal Bank of Canada boosted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. TD Securities lifted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $88.00 to $125.00 in a research note on Friday, November 15th. Finally, Scotiabank boosted their price target on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $117.92.
Check Out Our Latest Report on The Descartes Systems Group
The Descartes Systems Group Price Performance
The Descartes Systems Group (NASDAQ:DSGX – Get Free Report) (TSE:DSG) last released its earnings results on Tuesday, December 3rd. The technology company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, sell-side analysts forecast that The Descartes Systems Group will post 1.64 earnings per share for the current year.
Hedge Funds Weigh In On The Descartes Systems Group
A number of hedge funds have recently modified their holdings of DSGX. Mather Group LLC. increased its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after buying an additional 181 shares during the period. Trust Co. of Vermont bought a new stake in The Descartes Systems Group in the 4th quarter valued at about $54,000. GAMMA Investing LLC lifted its stake in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after buying an additional 495 shares in the last quarter. Blue Trust Inc. raised its stake in shares of The Descartes Systems Group by 931.7% in the third quarter. Blue Trust Inc. now owns 650 shares of the technology company’s stock worth $63,000 after purchasing an additional 587 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of The Descartes Systems Group during the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds 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.
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