Cibc Asset Management Reduces $7M in The Descartes Systems Group Inc. ($DSGX)
Key Points
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Cibc Asset Management trimmed its position in The Descartes Systems Group Inc. ($DSGX) by 9.15% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,060,128 shares of The Descartes Systems Group Inc. after selling 106,755 shares during the quarter. Cibc Asset Management's holdings in The Descartes Systems Group Inc. were worth $73.03 million as of its most recent filing.
The Descartes Systems Group Inc. Stock Down 15.8%
Shares of The Descartes Systems Group Inc. ($DSGX) traded around $68.89 on Saturday, down 15.8% for the day.
The Descartes Systems Group Inc. Earnings
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About The Descartes Systems Group Inc.
The Descartes Systems Group Inc. provides global logistics technology solutions in the United States, Europe, the Middle East, Africa, Canada, and the Asia Pacific. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company offers 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. It also provides its customers to use its modular and technology solutions to route, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. In addition, the company offers consulting, implementation, and training services, as well as maintenance and support services. It serves transportation providers, such as air, ocean, and truck modes; logistics service providers, including third-party logistics providers, freight forwarders, and customs brokers; and distribution-intensive companies, such as retailers, manufacturers, distributors, and mobile business service providers through subscription, transactional or perpetual license basis. Further, the company develops Tai TMS, a transportation management software for freight brokers to manage quoting, booking, and shipment tracking. The Descartes Systems Group Inc. was incorporated in 1981 and is headquartered in Waterloo, Canada.
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