Descartes Systems Group recognized as leading provider of SaaS TMS and fleet management applications by ARC Advisory Group.
Quiver AI Summary
Descartes Systems Group has been recognized by the ARC Advisory Group in its Transportation Management Systems Global Market Research report for 2024-2029 as the top provider of software as a service (SaaS) and cloud-based hosting for transportation management systems (TMS), as well as for fleet management applications. The report highlights Descartes’ strengths across various industries, including wholesale and distribution, home improvement, and retail categories, emphasizing their capability to efficiently manage freight movements. Dan Cicerchi, General Manager of Transportation Management at Descartes, expressed pride in this recognition as it reflects the company’s commitment to delivering effective logistics solutions globally. The report underlines the increasing demand for real-time visibility in logistics, noting that Descartes' SaaS model is enabling faster growth compared to more traditional systems. The release also briefly outlines Descartes' acquisitions aimed at enhancing its service offerings and response to emerging challenges such as cargo theft.
Potential Positives
- Descartes Systems Group was recognized as the leading provider of SaaS and cloud-based hosting services for transportation management systems (TMS) in a report by ARC Advisory Group, highlighting its industry leadership.
- The company was also named the leading TMS provider across multiple industries, including Wholesale & Distribution and Home Improvement, showcasing its versatility and broad market applicability.
- Recognition in the report reflects Descartes' strategic investments in innovative SaaS solutions and recent acquisitions aimed at enhancing its offerings and expanding its market presence.
- The increasing demand for real-time visibility solutions in logistics emphasizes the growing relevance of Descartes' services, indicating potential for future growth in the market.
Potential Negatives
- The press release contains cautionary statements regarding forward-looking information, indicating potential risks and uncertainties that could adversely affect the company's business and financial condition.
- There is a reliance on forward-looking statements, which may lead to negative investor sentiment if future performance does not align with expectations set forth in the release.
- While being recognized as a leader in TMS solutions, the press release does not address competitive challenges or market saturation, which could pose risks to sustaining this leadership position.
FAQ
What recognition did Descartes receive from ARC Advisory Group?
Descartes was named the leading provider of SaaS and cloud-based TMS in ARC's global market report.
Which industries does Descartes excel in for transportation management?
Descartes is a leader in wholesale & distribution, home improvement, and retail sectors among others.
How does Descartes support logistics solutions?
Descartes offers SaaS solutions that improve logistics productivity, security, and sustainability while enabling efficient freight movement.
What is the significance of the ARC market report?
The ARC report provides a detailed five-year forecast and analysis of TMS providers based on extensive market research.
What strategic investments has Descartes made recently?
Descartes recently acquired 3GTMS and MyCarrierPortal to enhance transportation management and combat cargo fraud.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DSGX Congressional Stock Trading
Members of Congress have traded $DSGX stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $DSGX stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/09.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$DSGX Hedge Fund Activity
We have seen 148 institutional investors add shares of $DSGX stock to their portfolio, and 221 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 936,718 shares (+15.1%) to their portfolio in Q1 2025, for an estimated $94,449,275
- TEMASEK HOLDINGS (PRIVATE) LTD added 896,779 shares (+inf%) to their portfolio in Q2 2025, for an estimated $91,153,101
- PICTON MAHONEY ASSET MANAGEMENT added 478,144 shares (+inf%) to their portfolio in Q2 2025, for an estimated $48,600,946
- BLACKROCK, INC. removed 429,972 shares (-47.8%) from their portfolio in Q2 2025, for an estimated $43,704,503
- GRANAHAN INVESTMENT MANAGEMENT, LLC added 332,508 shares (+715.5%) to their portfolio in Q1 2025, for an estimated $33,526,781
- PRIMECAP MANAGEMENT CO/CA/ removed 297,199 shares (-16.6%) from their portfolio in Q2 2025, for an estimated $30,208,792
- LORD, ABBETT & CO. LLC removed 200,015 shares (-30.4%) from their portfolio in Q1 2025, for an estimated $20,167,512
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DSGX Analyst Ratings
Wall Street analysts have issued reports on $DSGX in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- RBC Capital issued a "Outperform" rating on 06/05/2025
- Scotiabank issued a "Sector Outperform" rating on 03/26/2025
- Stephens & Co. issued a "Overweight" rating on 03/06/2025
To track analyst ratings and price targets for $DSGX, check out Quiver Quantitative's $DSGX forecast page.
$DSGX Price Targets
Multiple analysts have issued price targets for $DSGX recently. We have seen 6 analysts offer price targets for $DSGX in the last 6 months, with a median target of $119.5.
Here are some recent targets:
- Chris Quintero from Morgan Stanley set a target price of $110.0 on 07/14/2025
- Paul Treiber from RBC Capital set a target price of $126.0 on 06/05/2025
- Raimo Lenschow from Barclays set a target price of $108.0 on 06/05/2025
- Kevin Krishnaratne from Scotiabank set a target price of $127.0 on 03/26/2025
- Thanos Moschopoulos from BMO Capital set a target price of $113.0 on 03/06/2025
- John Campbell from Stephens & Co. set a target price of $137.0 on 03/06/2025
Full Release
LONDON and ATLANTA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced it was named in ARC Advisory Group’s Transportation Management Systems Global Market Research (2024 – 2029) report as the leading provider of software as a service (SaaS) and cloud-based hosting services for transportation management systems (TMS) and also as the leading provider of fleet management applications. The report encompasses planning and execution applications (freight moves involving a carrier) and fleet management applications (freight moves involving transportation assets owned by the company). Descartes was also named as one of the top firms in the planning and execution segment of the TMS market.
Descartes was noted as the leading TMS provider in the following industries/retail categories:
- Wholesale & Distribution: Characterized by high-frequency shipments, dynamic routing, and integration with warehouse and inventory systems tailored to distribution operations.
- Home Improvement: Technology must support precise delivery scheduling, high-volume distribution and integration with retail and warehouse systems.
- Department & General Merchandise: Efficient store replenishment, real-time delivery tracking, and coordination across multiple transportation modes for high-volume distribution networks.
- Retail
Descartes was also named among the top TMS providers in the following industries/retail categories:
- Retail
- Electronics & Electrical
- Transportation & Logistics
- Food & Beverage
- Grocery/Food & Beverage
- Household & Personal Care
-
Apparel
“ARC is a globally respected firm that conducts rigorous, operations-centric industry research. We’re pleased to be recognized as a leading provider in its latest global TMS market report,” said Dan Cicerchi, General Manager, Transportation Management at Descartes. “This recognition reflects our focus on helping companies in diverse industries worldwide, from carriers and food and beverage manufacturers to retailers and forwarders and brokers, move freight from origin to destination efficiently, securely, and cost-effectively. It also validates our strategic investments in SaaS-based solutions, including innovations to our global TMS suite , the recent acquisition of 3GTMS to expand our carrier reach and strengthen domestic transportation management across truckload, less-than-truckload (LTL) and parcel modes, and our acquisition of MyCarrierPortal to help combat cargo fraud and theft.”
The ARC report presents a comprehensive five-year (2024–2029) global market forecast and detailed analysis of leading TMS providers based on extensive primary data and proprietary modeling. ARC noted that demand for real-time visibility solutions is on the rise and that TMS providers, like Descartes, who have fully embraced SaaS are growing substantially faster than those still relying on legacy models.
Learn more about Descartes’ global transportation management systems .
About ARC Advisory Group
Established in 1986, ARC Advisory Group is a global leader in advisory services for industrial automation, supply chain management, and infrastructure technology. With a blend of market research, technology evaluation, and implementation support, ARC empowers enterprises to navigate complex digital transformations effectively. More information may be found at
www.arcweb.com
.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com , and connect with us on LinkedIn and Twitter .
Global Media Contact
Cara Strohack
Tel: 226-750-8050
[email protected]
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ transportation management system solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
