Crossmark Global Holdings Inc. Grows Position in Gartner, Inc. (NYSE:IT)

Crossmark Global Holdings Inc. grew its stake in Gartner, Inc. (NYSE:IT) by 101.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,646 shares of the information technology services provider’s stock after acquiring an additional 4,361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Gartner were worth $4,189,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IT. Ballentine Partners LLC lifted its holdings in Gartner by 10.8% in the 4th quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider’s stock valued at $229,000 after purchasing an additional 46 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Gartner by 5.9% during the fourth quarter. UMB Bank n.a. now owns 553 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 31 shares during the period. Smith Salley Wealth Management lifted its stake in shares of Gartner by 7.6% during the fourth quarter. Smith Salley Wealth Management now owns 5,252 shares of the information technology services provider’s stock valued at $2,545,000 after buying an additional 370 shares during the period. Merit Financial Group LLC acquired a new stake in Gartner during the fourth quarter worth approximately $772,000. Finally, Wedge Capital Management L L P NC raised its holdings in Gartner by 11.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 132,107 shares of the information technology services provider’s stock valued at $64,002,000 after acquiring an additional 13,286 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.0 %

Shares of IT stock opened at $524.80 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The firm’s 50 day moving average price is $505.78 and its two-hundred day moving average price is $499.91. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.87 and a beta of 1.33.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 EPS. On average, analysts anticipate that Gartner, Inc. will post 11.87 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on IT. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley cut their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Robert W. Baird increased their price target on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $550.75.

Insider Activity

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James C. Smith sold 17,533 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the sale, the director now owns 532,294 shares of the company’s stock, valued at $291,212,724.46. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is currently owned by corporate insiders.

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.