The Descartes Systems Group Inc. $DSGX Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 46.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,543 shares of the technology company’s stock after acquiring an additional 25,595 shares during the quarter. Waverly Advisors LLC’s holdings in The Descartes Systems Group were worth $5,577,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DSGX. Jupiter Topco LLC acquired a new position in shares of The Descartes Systems Group during the second quarter valued at $181,742,000. The Manufacturers Life Insurance Company bought a new position in The Descartes Systems Group in the 2nd quarter valued at about $141,403,000. Wellington Management Group LLP increased its stake in The Descartes Systems Group by 640.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,363,426 shares of the technology company’s stock valued at $94,402,000 after buying an additional 1,179,345 shares during the period. Norges Bank acquired a new position in The Descartes Systems Group during the 4th quarter valued at about $100,405,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of The Descartes Systems Group during the 2nd quarter worth about $58,755,000. Institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on DSGX. Canadian Imperial Bank of Commerce boosted their target price on The Descartes Systems Group from $116.00 to $118.00 and gave the stock an “outperformer” rating in a report on Thursday, June 4th. National Bank Financial set a $95.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Monday, July 20th. Raymond James Financial dropped their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Loop Capital restated a “buy” rating and issued a $96.00 price objective on shares of The Descartes Systems Group in a report on Thursday, June 4th. Finally, Weiss Ratings raised The Descartes Systems Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average price target of $102.46.

Key The Descartes Systems Group News

Here are the key news stories impacting The Descartes Systems Group this week:

• Positive Sentiment: Descartes delivered record Q2FY27 revenue of $201.1 million, up 12% year over year, while service revenue rose 13% to $188.6 million. Income from operations increased 36% to $65.5 million, and net income rose 32% to $50.0 million. Descartes reports another record-breaking quarter
• Positive Sentiment: Diluted EPS was $0.57, up from $0.43 a year earlier. Adjusted EBITDA climbed 18% to $94.4 million, with the margin expanding to 47% from 45%, indicating improving operating leverage. Descartes Systems meets Q2 earnings estimates
• Positive Sentiment: Operating cash flow grew 28% to $81.3 million, and the company ended July with $401.1 million in cash. Descartes also repurchased approximately $24.3 million of stock during the quarter, supporting per-share value.
• Positive Sentiment: Recent acquisitions of Transportation Applied Intelligence Software and Extensiv, costing approximately $219.2 million combined, expand Descartes’ transportation-management, warehouse-management and fulfillment capabilities. Descartes Announces Fiscal 2027 Second Quarter Financial Results
• Neutral Sentiment: Although results were solid, the $0.57 EPS figure matched the consensus estimate instead of beating it. For a stock trading at a relatively elevated earnings multiple, investors may have been seeking stronger upside surprise or more detailed growth guidance.
• Negative Sentiment: The acquisition strategy creates execution and integration risks, while the use of cash for acquisitions and buybacks could limit flexibility if logistics demand weakens or global trade conditions deteriorate.
• Neutral Sentiment: A separate short-interest report showed zero shares sold short, providing no meaningful evidence of short-covering or bearish positioning; the data appears unreliable and is unlikely to explain the trading reaction.

The Descartes Systems Group Trading Down 2.9%

Shares of NASDAQ:DSGX opened at $71.32 on Friday. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $107.52. The business has a fifty day simple moving average of $75.56 and a 200 day simple moving average of $72.52. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 35.66 and a beta of 0.62.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Thursday, September 10th. The technology company reported $0.57 earnings per share for the quarter, hitting the consensus estimate of $0.57. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The company had revenue of $198.12 million for the quarter, compared to analyst estimates of $197.54 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that The Descartes Systems Group Inc. will post 2.34 EPS for the current year.

The Descartes Systems Group Profile

The Descartes Systems Group Inc is a Canadian technology company that provides cloud-based logistics and supply chain management software. Its platform helps businesses manage the movement of goods, shipments, vehicles and trade-related information across complex supply chains.

The company’s offerings include transportation management, route planning and optimization, shipment tracking, telematics, freight matching, customs and regulatory compliance, logistics messaging, and electronic connectivity among shippers, carriers, brokers, manufacturers and other supply chain participants.