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

NBW Capital LLC lessened its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 comprises 1.5% of NBW Capital LLC’s investment portfolio, making the stock its 26th biggest position. NBW Capital LLC owned 0.08% of The Descartes Systems Group worth $8,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group in the fourth quarter valued at about $43,000. Impact Investors Inc bought a new position in The Descartes Systems Group in the fourth quarter valued at about $488,000. Bank of New York Mellon Corp grew its position in The Descartes Systems Group by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 125,019 shares of the technology company’s stock valued at $14,202,000 after acquiring an additional 9,180 shares during the last quarter. Alberta Investment Management Corp grew its position in The Descartes Systems Group by 21.3% in the fourth quarter. Alberta Investment Management Corp now owns 103,687 shares of the technology company’s stock valued at $11,780,000 after acquiring an additional 18,200 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in The Descartes Systems Group by 1,318.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,135 shares of the technology company’s stock valued at $129,000 after acquiring an additional 1,055 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $110.06 on Tuesday. The stock’s 50 day moving average is $115.16 and its 200 day moving average is $110.03. The firm has a market cap of $9.42 billion, a P/E ratio of 69.22 and a beta of 0.99. The Descartes Systems Group Inc. has a one year low of $84.83 and a one year high of $124.31.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DSGX shares. Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Saturday, February 1st. Loop Capital started coverage on The Descartes Systems Group in a research report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. Royal Bank of Canada lifted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 29th. Scotiabank lifted their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets boosted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.92.

The Descartes Systems Group Company 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.