Gartner, Inc. (NYSE:IT) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 42,186 shares of the information technology services provider’s stock after acquiring an additional 1,726 shares during the period. Blair William & Co. IL’s holdings in Gartner were worth $20,438,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IT. Kestra Investment Management LLC acquired a new position in Gartner during the 4th quarter valued at approximately $29,000. True Wealth Design LLC increased its holdings in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares during the period. SBI Securities Co. Ltd. bought a new stake in Gartner in the 4th quarter valued at about $49,000. Promus Capital LLC acquired a new position in Gartner during the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC grew its position in Gartner by 14.0% in the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $418.57 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a one year low of $409.50 and a one year high of $584.01. The business’s 50-day moving average price is $494.18 and its two-hundred day moving average price is $505.53. The company has a market capitalization of $32.15 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. UBS Group decreased their price target on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Finally, Robert W. Baird decreased their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $536.63.

Insider Activity at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the company’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 sale, the senior vice president now owns 3,259 shares of the company’s stock, 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. 3.60% of the stock is owned by company insiders.

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.