The Descartes Systems Group (NASDAQ:DSGX) Price Target Lowered to $125.00 at Stephens

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) had its price objective trimmed by Stephens from $137.00 to $125.00 in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has an overweight rating on the technology company’s stock.

Several other brokerages have also weighed in on DSGX. Loop Capital began coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. CIBC reduced their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 target price on shares of The Descartes Systems Group in a research report on Friday, March 28th. Finally, Barclays reduced their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

The Descartes Systems Group Trading Down 3.3 %

Shares of DSGX stock traded down $3.44 during mid-day trading on Wednesday, reaching $99.33. The stock had a trading volume of 119,275 shares, compared to its average volume of 205,982. The company has a market cap of $8.50 billion, a P/E ratio of 62.49 and a beta of 0.97. The Descartes Systems Group has a 12-month low of $87.20 and a 12-month high of $124.31. The business has a 50-day simple moving average of $106.68 and a 200 day simple moving average of $110.20.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. Research analysts anticipate 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 made changes to their positions in DSGX. EverSource Wealth Advisors LLC increased its stake in shares of The Descartes Systems Group by 14.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company’s stock valued at $96,000 after buying an additional 108 shares during the period. GeoWealth Management LLC increased its position in The Descartes Systems Group by 63.2% in the fourth quarter. GeoWealth Management LLC now owns 341 shares of the technology company’s stock worth $39,000 after purchasing an additional 132 shares during the period. Shell Asset Management Co. raised its holdings in The Descartes Systems Group by 1.8% during the 4th quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company’s stock worth $1,104,000 after purchasing an additional 172 shares during the last quarter. Mather Group LLC. lifted its position in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after purchasing an additional 182 shares during the last quarter. 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.