Congress Wealth Management LLC DE Trims Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Congress Wealth Management LLC DE lowered its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,206 shares of the technology company’s stock after selling 3,725 shares during the quarter. Congress Wealth Management LLC DE owned about 0.18% of The Descartes Systems Group worth $17,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DSGX. Vanguard Group Inc. raised its position in shares of The Descartes Systems Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,299,323 shares of the technology company’s stock valued at $375,047,000 after purchasing an additional 54,341 shares during the period. LPL Financial LLC raised its holdings in The Descartes Systems Group by 34.1% during the fourth quarter. LPL Financial LLC now owns 21,375 shares of the technology company’s stock valued at $2,428,000 after acquiring an additional 5,435 shares during the period. Hillsdale Investment Management Inc. lifted its position in shares of The Descartes Systems Group by 192,650.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 77,100 shares of the technology company’s stock valued at $8,754,000 after acquiring an additional 77,060 shares in the last quarter. Virtu Financial LLC bought a new position in shares of The Descartes Systems Group in the fourth quarter worth about $269,000. Finally, Quantbot Technologies LP grew its position in shares of The Descartes Systems Group by 511.9% during the fourth quarter. Quantbot Technologies LP now owns 20,902 shares of the technology company’s stock worth $2,374,000 after purchasing an additional 17,486 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $102.92 on Tuesday. The stock’s fifty day moving average is $111.31 and its 200 day moving average is $110.23. The firm has a market capitalization of $8.81 billion, a PE ratio of 64.73 and a beta of 0.99. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. Equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on DSGX shares. Stephens lowered their price target on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a 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. 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 note on Thursday, March 6th. Scotiabank increased their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their target price on The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued 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 a consensus target price of $120.33.

The Descartes Systems Group Profile

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.