Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 705,100 shares, an increase of 11.0% from the January 15th total of 635,100 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 93,000 shares, the short-interest ratio is presently 7.6 days.

DSGX has been the subject of several research reports. Royal Bank of Canada boosted their price target on shares of Descartes Systems Group from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. BidaskClub upgraded shares of Descartes Systems Group from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Zacks Investment Research downgraded shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. CIBC restated a “hold” rating and issued a $45.00 price target on shares of Descartes Systems Group in a research note on Tuesday, October 29th. Finally, TD Securities boosted their price target on shares of Descartes Systems Group from $49.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Descartes Systems Group has an average rating of “Hold” and an average price target of $45.09.

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Descartes Systems Group during the fourth quarter worth $68,000. UBS Group AG grew its stake in shares of Descartes Systems Group by 7,481.6% during the fourth quarter. UBS Group AG now owns 2,881 shares of the technology company’s stock worth $123,000 after purchasing an additional 2,843 shares in the last quarter. We Are One Seven LLC acquired a new position in shares of Descartes Systems Group during the fourth quarter worth $203,000. Exchange Traded Concepts LLC acquired a new position in shares of Descartes Systems Group during the fourth quarter worth $215,000. Finally, Signition LP acquired a new position in shares of Descartes Systems Group during the fourth quarter worth $222,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.

Shares of NASDAQ:DSGX traded up $0.17 during trading on Friday, hitting $46.97. The company’s stock had a trading volume of 106,900 shares, compared to its average volume of 98,306. The business has a 50 day moving average price of $45.30 and a two-hundred day moving average price of $40.68. The company has a market capitalization of $3.94 billion, a PE ratio of 117.43 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.90 and a current ratio of 0.90. Descartes Systems Group has a fifty-two week low of $32.79 and a fifty-two week high of $47.43.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $83.00 million during the quarter, compared to the consensus estimate of $82.62 million. Descartes Systems Group had a net margin of 10.70% and a return on equity of 4.98%. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, equities analysts expect that Descartes Systems Group will post 0.43 earnings per share for the current fiscal year.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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