The Descartes Systems Group Inc. $DSGX Stake Decreased by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,508,569 shares of the technology company’s stock after selling 126,907 shares during the quarter. The Descartes Systems Group comprises about 3.7% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 3rd largest position. Conestoga Capital Advisors LLC’s holdings in The Descartes Systems Group were worth $219,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DSGX. Goldman Sachs Group Inc. increased its stake in The Descartes Systems Group by 35.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 377,140 shares of the technology company’s stock worth $38,027,000 after buying an additional 98,054 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in The Descartes Systems Group by 1.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,618 shares of the technology company’s stock worth $5,507,000 after buying an additional 660 shares during the period. Amundi increased its stake in The Descartes Systems Group by 74.5% in the 2nd quarter. Amundi now owns 82,319 shares of the technology company’s stock worth $8,360,000 after buying an additional 35,132 shares during the period. Federated Hermes Inc. increased its stake in The Descartes Systems Group by 25.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,246 shares of the technology company’s stock worth $127,000 after buying an additional 254 shares during the period. Finally, AXA S.A. increased its stake in The Descartes Systems Group by 2.0% in the 2nd quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Performance

NASDAQ DSGX opened at $72.11 on Friday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 38.77 and a beta of 0.71. The company’s 50-day simple moving average is $70.44 and its two-hundred day simple moving average is $79.49. The Descartes Systems Group Inc. has a one year low of $62.56 and a one year high of $117.35.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, March 11th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $192.37 million for the quarter, compared to the consensus estimate of $188.09 million. The Descartes Systems Group had a net margin of 22.47% and a return on equity of 10.70%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts expect that The Descartes Systems Group Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DSGX shares. Zacks Research downgraded shares of The Descartes Systems Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Canaccord Genuity Group reduced their price target on shares of The Descartes Systems Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Morgan Stanley reduced their price target on shares of The Descartes Systems Group from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. Rothschild & Co Redburn raised shares of The Descartes Systems Group from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $100.00 to $90.00 in a research note on Thursday, April 16th. Finally, Weiss Ratings downgraded shares of The Descartes Systems Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average price target of $105.45.

The Descartes Systems Group Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.