John Scott Pagan Sells 20,163 Shares of The Descartes Systems Group (TSE:DSG) Stock

The Descartes Systems Group Inc. (TSE:DSG) (NASDAQ:DSGX) Director John Scott Pagan sold 20,163 shares of The Descartes Systems Group stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of C$90.83, for a total transaction of C$1,831,405.29. Following the completion of the transaction, the director owned 127,639 shares of the company’s stock, valued at C$11,593,450.37. This trade represents a 13.64% decrease in their position.

The Descartes Systems Group Stock Up 0.2%

TSE DSG traded up C$0.25 on Friday, hitting C$104.18. 215,685 shares of the stock were exchanged, compared to its average volume of 341,461. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.52. The Descartes Systems Group Inc. has a fifty-two week low of C$85.26 and a fifty-two week high of C$162.10. The company has a market cap of C$8.96 billion, a PE ratio of 55.71, a PEG ratio of 2.39 and a beta of 0.07. The company has a 50-day moving average price of C$94.70 and a 200-day moving average price of C$112.05.

The Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.65 EPS for the quarter. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.76%. The company had revenue of C$239.67 million during the quarter. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on DSG. Rothschild & Co Redburn upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. Barclays upgraded shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group currently has an average rating of “Strong Buy”.

About The Descartes Systems Group

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (‘GLN’). Shippers, carriers, and logistics service providers connect and collaborate on the GLN, leveraging technology, data and artificial intelligence (‘AI’) to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes.