Isthmus Partners LLC Sells 449 Shares of Gartner, Inc. (NYSE:IT)

Isthmus Partners LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 1.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 31,360 shares of the information technology services provider’s stock after selling 449 shares during the quarter. Isthmus Partners LLC’s holdings in Gartner were worth $141,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Frazier Financial Advisors LLC bought a new position in Gartner during the 4th quarter worth approximately $27,000. DSM Capital Partners LLC acquired a new position in shares of Gartner in the 4th quarter valued at $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner in the 1st quarter valued at $36,000. Crewe Advisors LLC raised its stake in Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of IT traded up $0.22 during mid-day trading on Friday, reaching $483.68. The company’s stock had a trading volume of 356,677 shares, compared to its average volume of 391,639. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $509.15. The business has a 50-day simple moving average of $471.55 and a two-hundred day simple moving average of $458.93. The stock has a market cap of $37.55 billion, a P/E ratio of 48.13, a PEG ratio of 3.83 and a beta of 1.32.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Insider Transactions at Gartner

In other news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 12,082 shares of Gartner stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the transaction, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total transaction of $783,520.65. Following the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,998 shares of company stock worth $13,834,898. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America raised their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Robert W. Baird boosted their price objective on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $521.00.

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.