Gartner, Inc. (NYSE:IT) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in Gartner, Inc. (NYSE:IT) by 58.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,687 shares of the information technology services provider’s stock after selling 6,590 shares during the period. Crossmark Global Holdings Inc.’s holdings in Gartner were worth $2,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Gartner during the 4th quarter valued at $10,989,000. Truist Financial Corp raised its stake in shares of Gartner by 4.3% during the fourth quarter. Truist Financial Corp now owns 22,871 shares of the information technology services provider’s stock valued at $10,317,000 after purchasing an additional 945 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in Gartner by 10.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,430 shares of the information technology services provider’s stock worth $645,000 after purchasing an additional 137 shares during the period. Mission Wealth Management LP bought a new position in Gartner in the 4th quarter valued at about $205,000. Finally, Alpha Cubed Investments LLC bought a new position in Gartner in the 4th quarter valued at about $237,000. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In related news, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the sale, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Alwyn Dawkins sold 1,000 shares of Gartner stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at $28,636,008.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akhil Jain sold 400 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. The disclosure for this sale can be found here. Insiders have sold a total of 33,123 shares of company stock valued at $15,796,036 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. UBS Group upped their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $521.00.

Gartner Price Performance

Shares of IT traded up $6.08 during trading hours on Friday, hitting $491.96. 396,204 shares of the company were exchanged, compared to its average volume of 394,223. The firm has a fifty day simple moving average of $467.82 and a 200-day simple moving average of $457.68. The company has a market capitalization of $38.19 billion, a PE ratio of 48.95, a PEG ratio of 3.80 and a beta of 1.33. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.91. Gartner, Inc. has a one year low of $323.61 and a one year high of $509.15.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $2.85 EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 11.58 earnings per share for the current year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.