Baker Tilly Wealth Management LLC Sells 64 Shares of Gartner, Inc. (NYSE:IT)

Baker Tilly Wealth Management LLC lessened its stake in shares of Gartner, Inc. (NYSE:IT) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,080 shares of the information technology services provider’s stock after selling 64 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Gartner were worth $523,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Eastern Bank bought a new stake in Gartner during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner in the third quarter valued at approximately $44,000. True Wealth Design LLC lifted its stake in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after buying an additional 94 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares during the period. Finally, Asset Dedication LLC grew its stake in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 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 Gartner news, EVP Claire Herkes sold 411 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total value of $5,357,600.00. Following the completion of the sale, the director now owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,583 shares of company stock worth $19,241,974. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

Shares of NYSE IT traded down $3.04 during midday trading on Friday, reaching $492.40. 61,181 shares of the company traded hands, compared to its average volume of 344,430. The firm has a market cap of $37.98 billion, a PE ratio of 36.31, a PEG ratio of 3.18 and a beta of 1.33. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day simple moving average is $510.05 and its 200-day simple moving average is $495.69.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.56 earnings per share. As a group, equities analysts anticipate that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $525.00 to $600.00 in a research report on Friday. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $551.88.

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.