Whittier Trust Co. Raises Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Whittier Trust Co. lifted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,216 shares of the technology company’s stock after purchasing an additional 701 shares during the period. Whittier Trust Co.’s holdings in The Descartes Systems Group were worth $949,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Westfield Capital Management Co. LP purchased a new stake in shares of The Descartes Systems Group in the 1st quarter worth about $47,481,000. Price T Rowe Associates Inc. MD increased its holdings in shares of The Descartes Systems Group by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company’s stock valued at $695,864,000 after acquiring an additional 278,796 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of The Descartes Systems Group in the 2nd quarter worth about $20,608,000. Grandeur Peak Global Advisors LLC bought a new position in The Descartes Systems Group in the 1st quarter worth about $19,264,000. Finally, Triasima Portfolio Management inc. grew its position in The Descartes Systems Group by 90.1% during the 2nd quarter. Triasima Portfolio Management inc. now owns 253,849 shares of the technology company’s stock valued at $24,584,000 after purchasing an additional 120,325 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 0.1 %

Shares of The Descartes Systems Group stock opened at $106.63 on Wednesday. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 76.16 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $108.02. The business has a 50-day moving average price of $101.28 and a 200-day moving average price of $97.84.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DSGX. BMO Capital Markets boosted their price objective on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the stock a “market perform” rating in a report on Thursday, September 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of The Descartes Systems Group in a research report on Thursday, September 5th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.83.

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.