DESCARTES SYSTEMS GROUP INC
In the published model solve dated 2026-Q2, anchored at $81.60, DESCARTES SYSTEMS GROUP INC (DSGX) is priced for today's economics sustained for ~6.1 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Descartes runs a logistics network that customers pay to use by the transaction, and it loses only about 5% to 7% of its recurring services revenue a year in the ordinary course, which is the closest thing to a moat that enterprise software offers [Source: Q1 fiscal 2027 report, 6-K furnished June 4, 2026]. • Revenue in the quarter ended April 30, 2026 was 193.6 million dollars against 168.7 million a year earlier, and income from operations went to 62.5 million from 46.2 million, so profit is
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335 institutional managers reported holding DSGX in 13F filings for the quarter ended 2026-03-31. Together they hold about 77% of the company; the top 10 hold 32%. 48 opened new positions that quarter. Held by T. Rowe Price, Vanguard Group, Janus Henderson, among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DSGX's share count grew 1.8% over the past five years even with $892k spent on repurchases. It pays no dividend. Cash returned over the past three years: $892k in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.