The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) had its price target boosted by Raymond James Financial, Inc. from $27.50 to $38.00 in a research report sent to investors on Thursday. They currently have an outperform rating on the technology company’s stock.

DSGX has been the topic of a number of other reports. Zacks Investment Research lowered shares of The Descartes Systems Group from a hold rating to a sell rating in a research note on Tuesday, August 1st. Royal Bank Of Canada raised their price target on shares of The Descartes Systems Group from $27.00 to $32.00 and gave the company an outperform rating in a research note on Thursday, August 31st. BMO Capital Markets reissued a market perform rating and issued a $35.00 target price on shares of The Descartes Systems Group in a research note on Thursday, June 1st. BidaskClub raised shares of The Descartes Systems Group from a buy rating to a strong-buy rating in a research note on Saturday, August 5th. Finally, Canaccord Genuity reissued a buy rating and issued a $30.00 target price (up from $28.00) on shares of The Descartes Systems Group in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $32.06.

Shares of The Descartes Systems Group (NASDAQ:DSGX) opened at 28.30 on Thursday. The Descartes Systems Group has a 52-week low of $20.20 and a 52-week high of $29.25. The stock has a market capitalization of $2.15 billion, a P/E ratio of 88.44 and a beta of 0.56. The company has a 50 day moving average price of $26.71 and a 200-day moving average price of $24.30.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $55.74 million. The Descartes Systems Group had a net margin of 12.06% and a return on equity of 5.97%. On average, analysts predict that The Descartes Systems Group will post $0.40 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of The Descartes Systems Group by 122.7% in the first quarter. Morgan Stanley now owns 633,028 shares of the technology company’s stock worth $14,496,000 after acquiring an additional 348,754 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of The Descartes Systems Group by 126.6% in the first quarter. UBS Asset Management Americas Inc. now owns 37,611 shares of the technology company’s stock worth $859,000 after acquiring an additional 21,011 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of The Descartes Systems Group by 91.2% in the first quarter. Ameriprise Financial Inc. now owns 179,775 shares of the technology company’s stock worth $4,117,000 after acquiring an additional 85,750 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of The Descartes Systems Group by 0.4% in the first quarter. Shell Asset Management Co. now owns 7,912 shares of the technology company’s stock worth $241,000 after acquiring an additional 32 shares in the last quarter. Finally, FMR LLC grew its stake in shares of The Descartes Systems Group by 391.7% in the first quarter. FMR LLC now owns 637,710 shares of the technology company’s stock worth $14,611,000 after acquiring an additional 508,020 shares in the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.

The Descartes Systems Group Company Profile

Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its 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.

Analyst Recommendations for The Descartes Systems Group (NASDAQ:DSGX)

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