Whittier Trust Co. of Nevada Inc. Increases Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 703.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490 shares of the technology company’s stock after buying an additional 429 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in The Descartes Systems Group were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in shares of The Descartes Systems Group during the fourth quarter valued at about $27,000. Accent Capital Management LLC acquired a new position in The Descartes Systems Group during the 4th quarter valued at approximately $32,000. Park Place Capital Corp lifted its stake in shares of The Descartes Systems Group by 48.5% during the first quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after buying an additional 219 shares during the period. YHB Investment Advisors Inc. purchased a new stake in shares of The Descartes Systems Group during the first quarter valued at $79,000. Finally, Signaturefd LLC increased its position in shares of The Descartes Systems Group by 45.6% in the 4th quarter. Signaturefd LLC now owns 1,015 shares of the technology company’s stock valued at $85,000 after acquiring an additional 318 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stephens lifted their price target on The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 30th. William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a research report on Monday, April 1st. Redburn Atlantic started coverage on shares of The Descartes Systems Group in a report on Tuesday, May 14th. They issued a “neutral” rating and a $90.00 price target on the stock. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. Finally, BMO Capital Markets increased their price objective on shares of The Descartes Systems Group from $94.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.00.

The Descartes Systems Group Trading Up 0.4 %

Shares of The Descartes Systems Group stock traded up $0.35 during trading hours on Tuesday, reaching $100.27. The stock had a trading volume of 135,853 shares, compared to its average volume of 166,060. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $100.89. The firm has a market capitalization of $8.56 billion, a PE ratio of 71.62 and a beta of 0.98. The stock’s 50 day moving average is $96.13 and its 200 day moving average is $91.13.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, May 29th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The business had revenue of $151.30 million for the quarter, compared to analysts’ expectations of $151.80 million. The Descartes Systems Group had a return on equity of 9.96% and a net margin of 20.62%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.7 earnings per share for the current year.

The Descartes Systems Group 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.