Thrivent Financial for Lutherans Decreases Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Thrivent Financial for Lutherans lessened its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 46.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,949 shares of the technology company’s stock after selling 113,150 shares during the quarter. Thrivent Financial for Lutherans owned 0.15% of The Descartes Systems Group worth $14,990,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC grew its position in The Descartes Systems Group by 14.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company’s stock worth $96,000 after purchasing an additional 108 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock valued at $440,000 after buying an additional 117 shares during the last quarter. Mather Group LLC. increased its position in shares of 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 acquiring an additional 181 shares during the period. Allworth Financial LP lifted its position in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock worth $77,000 after acquiring an additional 182 shares during the period. Finally, Barclays PLC grew its stake in The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock valued at $1,031,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analyst Ratings Changes

DSGX has been the subject of several research analyst reports. Loop Capital began coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They set a “buy” rating and a $140.00 target price for the company. StockNews.com downgraded shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank raised their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Barclays lowered their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Finally, CIBC reduced their price objective on 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 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.33.

The Descartes Systems Group Stock Performance

The Descartes Systems Group stock opened at $101.15 on Friday. The company’s fifty day moving average price is $111.47 and its 200 day moving average price is $110.03. The stock has a market capitalization of $8.66 billion, a P/E ratio of 63.62 and a beta of 0.99. The Descartes Systems Group Inc. has a 1 year low of $87.20 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.