Gartner, Inc. (NYSE:IT) Stock Position Increased by Wedmont Private Capital

Wedmont Private Capital lifted its position in Gartner, Inc. (NYSE:IT) by 7.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,878 shares of the information technology services provider’s stock after buying an additional 138 shares during the period. Wedmont Private Capital’s holdings in Gartner were worth $957,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in shares of Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after buying an additional 2,560 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Gartner in the 2nd quarter worth $512,000. Tidal Investments LLC raised its stake in shares of Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after buying an additional 1,940 shares in the last quarter. Findlay Park Partners LLP raised its position in shares of Gartner by 5.7% during the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after purchasing an additional 36,400 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Gartner during the first quarter worth $1,049,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 completion of the sale, the director now owns 19,825 shares in the company, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock worth $32,601,014 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IT. UBS Group boosted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $529.29.

Gartner Stock Down 0.4 %

NYSE:IT opened at $518.72 on Friday. The firm has a market capitalization of $40.27 billion, a price-to-earnings ratio of 51.61, a PEG ratio of 3.21 and a beta of 1.32. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $522.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The business’s fifty day moving average price is $494.50 and its 200 day moving average price is $465.97.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Gartner 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.