Riverbridge Partners LLC Has $46.84 Million Stake in The Descartes Systems Group Inc. $DSGX

Key Points

• Riverbridge Partners LLC reduced its stake in The Descartes Systems Group by 9.2%, now owning 534,345 shares valued at about $46.84 million (roughly 0.62% of the company).
• Analysts hold a consensus "Moderate Buy" on DSGX with an average price target of $108.64, though several firms have recently cut targets (e.g., Scotiabank to $95, BMO to $82) while others (RBC, TD) remain positive.
• The company beat its latest quarter estimates—EPS $0.52 vs. $0.50 and revenue $192.37M vs. $188.09M, with revenue up 15.1% year-over-year—and its shares trade around $71.64 with a market cap of $6.16B and a 52-week range of $62.56–$117.35.

Riverbridge Partners LLC reduced its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 534,345 shares of the technology company's stock after selling 54,400 shares during the period. Riverbridge Partners LLC owned about 0.62% of The Descartes Systems Group worth $46,841,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of The Descartes Systems Group during the third quarter valued at approximately $27,000. Mather Group LLC. purchased a new stake in The Descartes Systems Group in the 3rd quarter valued at $28,000. Danske Bank A S purchased a new stake in The Descartes Systems Group in the 3rd quarter valued at $34,000. Measured Wealth Private Client Group LLC bought a new position in The Descartes Systems Group during the 3rd quarter valued at $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in The Descartes Systems Group by 267.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 551 shares of the technology company's stock valued at $52,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 77.73% of the company's stock.

Analysts Set New Price Targets

DSGX has been the subject of several recent analyst reports. Scotiabank reduced their target price on shares of The Descartes Systems Group from $115.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $126.00 price target on shares of The Descartes Systems Group and gave the company an "outperform" rating in a research report on Monday, December 1st. BMO Capital Markets cut their price target on shares of The Descartes Systems Group from $95.00 to $82.00 and set a "market perform" rating on the stock in a report on Thursday, March 12th. TD Securities upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of The Descartes Systems Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and an average price target of $108.64.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock opened at $71.64 on Friday. The firm has a market cap of $6.16 billion, a PE ratio of 38.52 and a beta of 0.77. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $117.35. The stock has a fifty day moving average price of $71.58 and a 200-day moving average price of $84.35.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, March 11th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The company 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 firm's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

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.

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