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

Whittier Trust Co. of Nevada Inc. boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 26.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,514 shares of the technology company’s stock after buying an additional 320 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in The Descartes Systems Group were worth $156,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in The Descartes Systems Group by 4.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,832 shares of the technology company’s stock worth $371,000 after buying an additional 158 shares in the last quarter. Park Place Capital Corp increased its stake in The Descartes Systems Group by 31.6% during the 2nd quarter. Park Place Capital Corp now owns 883 shares of the technology company’s stock worth $86,000 after buying an additional 212 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in The Descartes Systems Group by 18.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,417 shares of the technology company’s stock worth $137,000 after buying an additional 219 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in The Descartes Systems Group by 28.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,256 shares of the technology company’s stock worth $122,000 after buying an additional 279 shares in the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in The Descartes Systems Group during the 1st quarter worth approximately $28,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Stock Performance

DSGX opened at $105.86 on Thursday. The Descartes Systems Group Inc. has a one year low of $69.59 and a one year high of $108.02. The stock has a market capitalization of $9.04 billion, a PE ratio of 75.61 and a beta of 0.97. The business’s 50 day moving average price is $101.45 and its 200 day moving average price is $97.90.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts forecast that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on DSGX shares. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a “buy” rating in a research note on Thursday, September 5th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a research report on Thursday, September 26th. BMO Capital Markets upped their price target on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a research report on Thursday, September 5th. Finally, National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and a consensus target price of $104.83.

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.