The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) announced its earnings results on Wednesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The Descartes Systems Group had a return on equity of 5.45% and a net margin of 11.52%. The firm earned $51.50 million during the quarter, compared to the consensus estimate of $51.20 million.

The Descartes Systems Group (NASDAQ:DSGX) opened at 22.15 on Thursday. The stock has a 50 day moving average price of $21.22 and a 200-day moving average price of $20.51. The Descartes Systems Group has a 1-year low of $15.01 and a 1-year high of $22.90. The stock has a market capitalization of $1.68 billion, a P/E ratio of 76.38 and a beta of 0.68.

Earnings History for The Descartes Systems Group (NASDAQ:DSGX)

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A number of research firms recently weighed in on DSGX. Barclays PLC raised their price objective on The Descartes Systems Group from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, September 9th. RBC Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (up previously from $23.00) on shares of The Descartes Systems Group in a research report on Friday, September 9th. Royal Bank Of Canada raised their price objective on The Descartes Systems Group from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. CIBC raised The Descartes Systems Group from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, October 19th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $22.00 price objective on shares of The Descartes Systems Group in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The Descartes Systems Group currently has a consensus rating of “Buy” and an average price target of $24.65.

Several hedge funds have recently made changes to their positions in the stock. AGF Investments Inc. raised its stake in shares of The Descartes Systems Group by 7.4% in the second quarter. AGF Investments Inc. now owns 668,298 shares of the company’s stock worth $12,778,000 after buying an additional 46,295 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of The Descartes Systems Group during the second quarter worth approximately $1,609,000. PineBridge Investments L.P. increased its position in shares of The Descartes Systems Group by 60.2% in the second quarter. PineBridge Investments L.P. now owns 16,033 shares of the company’s stock worth $396,000 after buying an additional 6,023 shares during the period. CIBC Asset Management Inc increased its position in shares of The Descartes Systems Group by 17.6% in the second quarter. CIBC Asset Management Inc now owns 392,829 shares of the company’s stock worth $7,462,000 after buying an additional 58,840 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of The Descartes Systems Group by 5.2% in the third quarter. Neuberger Berman Group LLC now owns 3,335,082 shares of the company’s stock worth $71,771,000 after buying an additional 164,700 shares during the period. Hedge funds and other institutional investors own 79.23% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group Inc (Descartes) is a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. The Company’s network-based solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations.

5 Day Chart for NASDAQ:DSGX

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