Argent Trust Co Sells 99 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Argent Trust Co cut its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,922 shares of the technology company’s stock after selling 99 shares during the period. Argent Trust Co’s holdings in The Descartes Systems Group were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Mather Group LLC. grew its stake in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after buying an additional 181 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $54,000. GAMMA Investing LLC grew its position in shares of The Descartes Systems Group by 4,950.0% in the fourth 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 last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

NASDAQ DSGX opened at $101.74 on Friday. The business has a fifty day moving average price of $106.10 and a two-hundred day moving average price of $110.18. The stock has a market capitalization of $8.71 billion, a PE ratio of 63.99 and a beta of 0.97. 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 quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $169.97 million. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DSGX. Scotiabank upped their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 26th. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. CIBC lowered their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.50.

About The Descartes Systems Group

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.