Christopher Allen Hewat Acquires 1,800 Shares of Descartes Systems Group Inc (DSG) Stock

Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) Director Christopher Allen Hewat bought 1,800 shares of the stock in a transaction dated Friday, October 12th. The stock was bought at an average cost of C$40.76 per share, with a total value of C$73,368.00.

DSG opened at C$41.23 on Thursday. Descartes Systems Group Inc has a one year low of C$31.39 and a one year high of C$46.61.

Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last released its quarterly earnings results on Wednesday, September 5th. The company reported C$0.14 EPS for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.01. The business had revenue of C$86.62 million during the quarter, compared to analyst estimates of C$86.62 million. Descartes Systems Group had a return on equity of 5.28% and a net margin of 9.95%.

A number of equities research analysts have recently weighed in on the company. Industrial Alliance Securities boosted their target price on Descartes Systems Group from C$29.00 to C$33.00 in a research note on Tuesday, September 18th. BMO Capital Markets boosted their target price on Descartes Systems Group from C$33.00 to C$35.00 and gave the company a “market perform” rating in a research note on Thursday, September 6th. Finally, TD Securities boosted their target price on Descartes Systems Group from C$36.00 to C$40.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$36.88.

Descartes Systems Group Company Profile

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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