The Descartes Systems Group (DSGX)
Connects logistics-intensive businesses with cloud software, networks, devices and data.
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Sells cloud, device and data-content solutions that manage logistics workflows. Its network-based shared-services model supports data exchange and operational decisions, while acquisitions add adjacent capabilities and geographies.
Cloud, device and data-content solutions help logistics-intensive businesses manage routes, transportation, ecommerce, trade and related workflows. The business grew from private-fleet route-planning software into a network-based, shared-services environment where customers exchange logistics data and use value-added services for operational decisions.
Acquisitions add complementary technologies, industry consolidation opportunities and close logistics adjacencies. Recent additions span transportation management, final-mile carrier solutions, ecommerce inventory management, demand planning, and driver safety and performance management.
Based in Waterloo, Ontario, the company serves logistics-intensive businesses globally. Its operating model depends on cloud, network and data-content capabilities that connect workflows across customers and geographies.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Scotiabank | Reiterate | Rating: —Target: $95 | Target: $98 |
| Jun 4, 2026 | CIBC | Target | Target: $126 | Target: $118 |
| Apr 16, 2026 | Redburn Partners | Target | Target: — | Target: $90 |
| Apr 16, 2026 | Rothschild & Co | Upgrade | ||
| Mar 12, 2026 | BMO Capital | Reiterate | Rating: —Target: $95 | Target: $82 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $401.1M · Total debt $7.5M · Total assets $1.96B · Shareholders' equity $1.65B
- Revenue
- $200.2M
- Operating income
- $66.4M
- Net income
- $49.8M
No dividends on record.
| Institutions | 82.53% | 70.72M shares | |
|---|---|---|---|
| 355 holders · as of Jun 30, 2026 | |||
| Other | 17.47% | 14.97M shares | |
| remainder | |||
85.69M company shares as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Price T Rowe Associates Inc /MD/Institution | 6.62% | 5.67M | as of Jun 30, 2026 |
Jarislowsky, Fraser LimitedInstitution | 5.06% | 4.34M | filed Feb 12, 2024 |
Durable Capital Partners LPInstitution | 4.98% | 4.26M | filed Oct 7, 2022 |
1832 Asset Management L.P.Institution | 4.47% | 3.83M | as of Jun 30, 2026 |
Jupiter Topco LLCInstitution | 3.06% | 2.62M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Descartes Systems Group | $80.75 | +2.40% | $6.76B | 36.5 | 32.6 | 8.7 | +10.7% |
| Manhattan Associates | $211.51 | +2.13% | $12.07B | 59.3 | 36.4 | 10.7 | +9.3% |
| Oracle | $147.19 | −1.29% | $429.54B | 23.4 | 17.3 | 6.0 | +29.6% |
| SAP (ADR) | $212.42 | +0.83% | $245.49B | 27.1 | 23.3 | 5.6 | +5.8% |
| Trimble | $59.59 | +0.49% | $13.82B | — | 15.4 | 3.7 | +11.0% |
| Median | 27.1 | 20.3 | 5.8 | +10.2% |