Whittier Trust Co. of Nevada Inc. Buys 14,579 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 962.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,093 shares of the technology company’s stock after buying an additional 14,579 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in The Descartes Systems Group were worth $1,828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in The Descartes Systems Group by 14.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company’s stock worth $96,000 after buying an additional 108 shares in the last quarter. Mather Group LLC. boosted its stake in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. Allworth Financial LP boosted its stake in shares of The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after purchasing an additional 182 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in shares of The Descartes Systems Group by 1.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company’s stock valued at $2,677,000 after purchasing an additional 222 shares during the period. Finally, Barclays PLC boosted its stake in shares of The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock valued at $1,031,000 after purchasing an additional 270 shares during the period. 77.73% of the stock is currently owned by institutional investors.

The Descartes Systems Group Trading Up 1.1 %

DSGX opened at $101.15 on Friday. The stock has a fifty day simple moving average of $111.47 and a two-hundred day simple moving average of $110.10. The company has a market cap of $8.66 billion, a price-to-earnings ratio of 63.62 and a beta of 0.99. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. Barclays dropped their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. TD Securities increased their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Scotiabank increased their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.33.

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.