Whittier Trust Co. Acquires 4,790 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Whittier Trust Co. increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 52.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,006 shares of the technology company's stock after buying an additional 4,790 shares during the period. Whittier Trust Co.'s holdings in The Descartes Systems Group were worth $1,591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after acquiring an additional 108 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of The Descartes Systems Group by 2.8% in the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company's stock valued at $440,000 after buying an additional 117 shares in the last quarter. Mather Group LLC. grew its holdings 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 buying an additional 181 shares during the last quarter. Allworth Financial LP increased its position 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 worth $77,000 after acquiring an additional 182 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in shares of The Descartes Systems Group by 1.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock worth $2,677,000 after acquiring an additional 222 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DSGX. Scotiabank increased their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research note on Wednesday. Royal Bank of Canada lowered their price target on The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Stephens cut their price objective on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Loop Capital assumed coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.50.

The Descartes Systems Group Stock Down 1.8 %

The Descartes Systems Group stock traded down $1.95 during midday trading on Wednesday, reaching $103.59. The stock had a trading volume of 283,887 shares, compared to its average volume of 192,548. The firm has a market capitalization of $8.87 billion, a PE ratio of 65.15 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 firm's 50-day moving average price is $111.17 and its 200 day moving average price is $110.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS 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.