Elwood & Goetz Wealth Advisory Group LLC Has $770,000 Stock Holdings in Gartner, Inc. (NYSE:IT)

Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Gartner, Inc. (NYSE:IT) by 32.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,714 shares of the information technology services provider’s stock after buying an additional 420 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Gartner were worth $770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Gartner in the fourth quarter valued at approximately $10,989,000. Atria Wealth Solutions Inc. increased its position in shares of Gartner by 31.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,543 shares of the information technology services provider’s stock worth $1,598,000 after purchasing an additional 854 shares during the period. Truist Financial Corp raised its stake in Gartner by 4.3% in 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 position in Gartner by 10.6% during 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. Finally, Mission Wealth Management LP bought a new stake in Gartner during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Robert W. Baird boosted their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $521.00.

Gartner Price Performance

IT traded up $6.08 on Friday, reaching $491.96. The stock had a trading volume of 418,196 shares, compared to its average volume of 394,223. The firm has a 50-day moving average of $467.82 and a 200-day moving average of $457.68. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $509.15. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.91 and a debt-to-equity ratio of 3.80.

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

Insider Transactions at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 705 shares of Gartner stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95. Following the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Gartner news, Director Anne Sutherland Fuchs sold 705 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares in the company, valued at approximately $3,656,710.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $947,411.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,123 shares of company stock worth $15,796,036. Company insiders own 3.60% of the company’s stock.

About Gartner

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.