Linden Thomas Advisory Services LLC Sells 51 Shares of Gartner, Inc. (NYSE:IT)

Linden Thomas Advisory Services LLC lowered its holdings in Gartner, Inc. (NYSE:IT) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,528 shares of the information technology services provider’s stock after selling 51 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Gartner were worth $3,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IT. Baron Wealth Management LLC raised its holdings in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after acquiring an additional 19 shares in the last quarter. Fortitude Family Office LLC increased 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 during the period. Harbor Capital Advisors Inc. raised its stake in Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after purchasing an additional 22 shares in the last quarter. Wallace Advisory Group LLC lifted its position in Gartner by 2.4% during the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 23 shares during the period. Finally, Trust Point Inc. grew its stake in Gartner by 3.2% during the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock worth $378,000 after buying an additional 23 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.8 %

Shares of IT opened at $528.99 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $559.00. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 39.01, a PEG ratio of 2.92 and a beta of 1.33. The stock has a fifty day moving average of $505.64 and a 200-day moving average of $500.63.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 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 business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $2.56 earnings per share. As a group, sell-side analysts anticipate that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 411 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock worth $19,241,974 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IT. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $550.75.

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.