NBW Capital LLC Has $8.05 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

NBW Capital LLC cut its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 70,888 shares of the technology company’s stock after selling 1,454 shares during the quarter. The Descartes Systems Group accounts for 1.5% of NBW Capital LLC’s investment portfolio, making the stock its 26th biggest holding. NBW Capital LLC’s holdings in The Descartes Systems Group were worth $8,053,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in DSGX. First Trust Direct Indexing L.P. acquired a new position in The Descartes Systems Group in the third quarter valued at approximately $240,000. Stephens Inc. AR lifted its stake in The Descartes Systems Group by 2.4% in the third quarter. Stephens Inc. AR now owns 10,086 shares of the technology company’s stock valued at $1,038,000 after buying an additional 238 shares during the period. MinichMacGregor Wealth Management LLC lifted its stake in The Descartes Systems Group by 5.2% in the third quarter. MinichMacGregor Wealth Management LLC now owns 84,147 shares of the technology company’s stock valued at $8,664,000 after buying an additional 4,193 shares during the period. Fiera Capital Corp lifted its stake in The Descartes Systems Group by 0.8% in the third quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock valued at $265,692,000 after buying an additional 19,817 shares during the period. Finally, Assetmark Inc. raised its position in shares of The Descartes Systems Group by 3.5% during the third quarter. Assetmark Inc. now owns 5,839 shares of the technology company’s stock worth $601,000 after purchasing an additional 197 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DSGX has been the topic of a number of research reports. Barclays raised The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Scotiabank upped their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, December 4th. TD Securities upped their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada upped their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, November 29th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $110.06 on Tuesday. The company has a market capitalization of $9.42 billion, a PE ratio of 69.22 and a beta of 0.99. The business has a fifty day moving average price of $115.16 and a two-hundred day moving average price of $110.03. The Descartes Systems Group Inc. has a 1 year low of $84.83 and a 1 year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the prior year, the company posted $0.31 earnings per share. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share 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.