Signet Financial Management LLC Has $3.57 Million Stake in Gartner, Inc. (NYSE:IT)

Signet Financial Management LLC boosted its holdings in Gartner, Inc. (NYSE:IT) by 1.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,481 shares of the information technology services provider’s stock after purchasing an additional 126 shares during the quarter. Signet Financial Management LLC’s holdings in Gartner were worth $3,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IT. Global Assets Advisory LLC bought a new stake in shares of Gartner during the 1st quarter valued at approximately $31,862,000. MJP Associates Inc. ADV grew its holdings in shares of Gartner by 23.1% during the 1st quarter. MJP Associates Inc. ADV now owns 1,024 shares of the information technology services provider’s stock valued at $488,000 after purchasing an additional 192 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Gartner by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 6,527 shares of the information technology services provider’s stock valued at $3,111,000 after purchasing an additional 43 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Gartner by 2.0% during the 1st quarter. Wedmont Private Capital now owns 1,630 shares of the information technology services provider’s stock valued at $766,000 after purchasing an additional 32 shares during the last quarter. Finally, Czech National Bank grew its holdings in shares of Gartner by 0.5% during the 1st quarter. Czech National Bank now owns 13,715 shares of the information technology services provider’s stock valued at $6,538,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the transaction, the executive vice president now owns 51,583 shares in the company, valued at $23,090,098.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Alwyn Dawkins sold 600 shares of Gartner stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the sale, the executive vice president now owns 51,583 shares in the company, valued at $23,090,098.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $893,558.67. The disclosure for this sale can be found here. Insiders have sold 22,544 shares of company stock worth $10,079,813 over the last ninety days. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on IT shares. BMO Capital Markets reduced their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. UBS Group dropped their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird dropped their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $474.50.

Gartner Stock Performance

NYSE IT traded down $0.11 during trading on Thursday, hitting $446.39. 78,684 shares of the company’s stock traded hands, compared to its average volume of 409,258. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 3.94 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The business has a 50 day moving average of $438.99 and a 200-day moving average of $452.35.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $2.88 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

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.