UNIVEST FINANCIAL Corp Buys 1,505 Shares of Gartner, Inc. (NYSE:IT)

UNIVEST FINANCIAL Corp grew its stake in Gartner, Inc. (NYSE:IT) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,547 shares of the information technology services provider’s stock after purchasing an additional 1,505 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Gartner were worth $3,172,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IT. Principal Financial Group Inc. raised its stake in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after purchasing an additional 103,814 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Gartner by 2.9% during the third quarter. Raymond James Trust N.A. now owns 1,454 shares of the information technology services provider’s stock valued at $737,000 after purchasing an additional 41 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Gartner by 166.6% in the 3rd quarter. Cerity Partners LLC now owns 17,168 shares of the information technology services provider’s stock valued at $8,700,000 after purchasing an additional 10,729 shares during the period. Larson Financial Group LLC acquired a new position in shares of Gartner in the 3rd quarter worth approximately $441,000. Finally, Summit Trail Advisors LLC lifted its position in shares of Gartner by 8.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 947 shares of the information technology services provider’s stock worth $480,000 after buying an additional 70 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. UBS Group cut their price target on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, Robert W. Baird cut their target price on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $536.63.

Insider Activity

In related news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Performance

IT stock opened at $421.46 on Wednesday. The company has a 50 day moving average price of $499.54 and a 200 day moving average price of $507.17. Gartner, Inc. has a fifty-two week low of $409.50 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $32.38 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.04 earnings per share. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner Company 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.