Hantz Financial Services Inc. Sells 1,976 Shares of Gartner, Inc. (NYSE:IT)

Hantz Financial Services Inc. lowered its stake in Gartner, Inc. (NYSE:IT) by 6.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 31,234 shares of the information technology services provider’s stock after selling 1,976 shares during the period. Hantz Financial Services Inc.’s holdings in Gartner were worth $15,828,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Eastern Bank bought a new position in Gartner in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Gartner in the third quarter worth $44,000. Crewe Advisors LLC lifted its position in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $519.23 on Friday. The company has a market cap of $40.05 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The company’s fifty day simple moving average is $520.81 and its 200 day simple moving average is $482.87. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company earned $2.56 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 500 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $492.00, for a total value of $246,000.00. Following the transaction, the executive vice president now directly owns 4,339 shares in the company, valued at $2,134,788. The trade was a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 2,128 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $500.15, for a total transaction of $1,064,319.20. Following the completion of the transaction, the director now owns 572,090 shares in the company, valued at approximately $286,130,813.50. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,149 shares of company stock worth $37,694,911 over the last ninety days. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on IT shares. Robert W. Baird boosted their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays boosted their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $539.25.

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.