The Descartes Systems Group (NASDAQ:DSGX) PT Set at $125.00 by National Bankshares

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) received a $125.00 price objective from stock analysts at National Bankshares in a research report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the technology company’s stock. National Bankshares’ price target indicates a potential upside of 22.33% from the stock’s previous close.

A number of other research analysts also recently issued reports on DSGX. TD Securities raised their price target on The Descartes Systems Group from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Raymond James raised their price target on The Descartes Systems Group from $94.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, May 31st. CIBC raised 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. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Barclays raised their price target on The Descartes Systems Group from $87.00 to $88.00 and gave the stock an “underweight” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $104.83.

The Descartes Systems Group Stock Performance

Shares of NASDAQ DSGX opened at $102.18 on Thursday. The Descartes Systems Group has a fifty-two week low of $69.59 and a fifty-two week high of $105.12. The firm has a market capitalization of $8.72 billion, a PE ratio of 72.99 and a beta of 0.98. The stock’s 50-day simple moving average is $99.17 and its 200-day simple moving average is $96.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results 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 Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. During the same period last year, the business posted $0.32 EPS. The Descartes Systems Group’s revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts forecast that The Descartes Systems Group will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of The Descartes Systems Group

A number of institutional investors have recently modified their holdings of DSGX. Hsbc Holdings PLC boosted its stake in shares of The Descartes Systems Group by 447.2% in the fourth quarter. Hsbc Holdings PLC now owns 71,915 shares of the technology company’s stock valued at $6,037,000 after buying an additional 58,773 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of The Descartes Systems Group by 10.5% in the fourth quarter. TD Asset Management Inc now owns 772,483 shares of the technology company’s stock valued at $65,201,000 after buying an additional 73,410 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of The Descartes Systems Group by 6.8% in the fourth quarter. Scotia Capital Inc. now owns 34,715 shares of the technology company’s stock valued at $2,901,000 after buying an additional 2,222 shares in the last quarter. Bank of Nova Scotia raised its holdings in The Descartes Systems Group by 16.3% during the fourth quarter. Bank of Nova Scotia now owns 507,489 shares of the technology company’s stock worth $42,641,000 after purchasing an additional 71,234 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in The Descartes Systems Group during the fourth quarter worth $27,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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.