Thrivent Financial for Lutherans trimmed its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,949 shares of the technology company's stock after selling 113,150 shares during the quarter. Thrivent Financial for Lutherans owned about 0.15% of The Descartes Systems Group worth $14,990,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Mather Group LLC. lifted its position in The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after acquiring an additional 181 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group in the fourth quarter worth about $43,000. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group during the 4th quarter worth about $54,000. GAMMA Investing LLC boosted its stake in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares during the period. Finally, Allworth Financial LP grew its holdings in The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after buying an additional 182 shares during the last quarter. 77.73% of the stock is owned by institutional investors.
The Descartes Systems Group Stock Performance
NASDAQ DSGX traded down $1.95 during trading on Wednesday, reaching $103.59. 283,887 shares of the company traded hands, compared to its average volume of 192,548. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 65.15 and a beta of 0.99. The stock's 50 day moving average price is $111.17 and its two-hundred day moving average price is $110.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reduced their price objective on The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. TD Securities upped their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. BMO Capital Markets decreased their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, CIBC reduced their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average price target of $120.50.
View Our Latest Stock Report on The Descartes Systems Group
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.
Recommended Stories
Before you consider The Descartes Systems Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Descartes Systems Group wasn't on the list.
While The Descartes Systems Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
