Gartner, Inc. (NYSE:IT) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its holdings in Gartner, Inc. (NYSE:IT) by 11.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 802 shares of the information technology services provider’s stock after selling 101 shares during the quarter. Farther Finance Advisors LLC’s holdings in Gartner were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in IT. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in Gartner in the fourth quarter valued at about $49,000. True Wealth Design LLC lifted its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the period. Promus Capital LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC grew its holdings in shares of 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 acquiring an additional 34 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IT shares. Robert W. Baird lifted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective 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. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley lowered 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

Insider Activity

In other news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.9 %

IT stock opened at $461.30 on Tuesday. The company has a 50 day moving average price of $506.91 and a two-hundred day moving average price of $509.47. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $35.44 billion, a P/E ratio of 28.78, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Gartner, Inc. will post 12.5 EPS for the current 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.