Congress Asset Management Co. lessened its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,180,644 shares of the technology company's stock after selling 31,208 shares during the quarter. Congress Asset Management Co. owned approximately 1.38% of The Descartes Systems Group worth $134,121,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Conestoga Capital Advisors LLC grew its position in shares of The Descartes Systems Group by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock valued at $326,238,000 after purchasing an additional 52,485 shares during the last quarter. Fiera Capital Corp grew its position in The Descartes Systems Group by 0.8% during the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock worth $265,692,000 after buying an additional 19,817 shares in the last quarter. Geneva Capital Management LLC grew its position in The Descartes Systems Group by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company's stock worth $152,037,000 after buying an additional 19,002 shares in the last quarter. Franklin Resources Inc. grew its position in The Descartes Systems Group by 3.1% during the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock worth $142,693,000 after buying an additional 40,807 shares in the last quarter. Finally, National Bank of Canada FI grew its position in The Descartes Systems Group by 389.8% during the third quarter. National Bank of Canada FI now owns 699,157 shares of the technology company's stock worth $71,911,000 after buying an additional 556,408 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.
Analyst Ratings Changes
DSGX has been the topic of a number of analyst reports. Stephens raised The Descartes Systems Group to a "strong-buy" rating in a research report on Saturday, February 1st. Loop Capital initiated coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays raised The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday, November 29th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.92.
Get Our Latest Analysis on DSGX
The Descartes Systems Group Stock Performance
Shares of DSGX traded down $0.14 during trading hours on Wednesday, reaching $114.73. The stock had a trading volume of 206,662 shares, compared to its average volume of 228,882. The Descartes Systems Group Inc. has a 12 month low of $84.12 and a 12 month high of $124.31. The stock has a market capitalization of $9.82 billion, a PE ratio of 72.16 and a beta of 0.99. The company's 50-day moving average is $116.19 and its two-hundred day moving average is $108.96.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
The Descartes Systems Group Profile
(
Free Report)
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.
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