The Descartes Systems Group Inc. (TSE:DSG) Director Sells C$2,536,726.52 in Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Director John Scott Pagan sold 20,597 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$123.16, for a total transaction of C$2,536,726.52.

The Descartes Systems Group Price Performance

Shares of DSG opened at C$124.16 on Friday. The firm has a market capitalization of C$10.58 billion, a PE ratio of 70.15, a PEG ratio of 2.17 and a beta of 0.76. The company’s 50-day moving average is C$121.56 and its 200-day moving average is C$113.29. The Descartes Systems Group Inc. has a fifty-two week low of C$95.03 and a fifty-two week high of C$127.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.05 and a quick ratio of 1.85.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.50 earnings per share for the quarter, beating the consensus estimate of C$0.41 by C$0.09. The company had revenue of C$200.32 million for the quarter, compared to analyst estimates of C$197.20 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.92%. Equities analysts forecast that The Descartes Systems Group Inc. will post 2.6246523 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DSG. Barclays upped their price target on shares of The Descartes Systems Group from C$71.00 to C$75.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. William Blair reissued an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st. Finally, Royal Bank of Canada increased their price objective on shares of The Descartes Systems Group from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th.

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.