Keudell Morrison Wealth Management Sells 158 Shares of Gartner, Inc. (NYSE:IT)

Keudell Morrison Wealth Management decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 954 shares of the information technology services provider’s stock after selling 158 shares during the period. Keudell Morrison Wealth Management’s holdings in Gartner were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its stake in Gartner by 1.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,679 shares of the information technology services provider’s stock valued at $9,735,000 after buying an additional 226 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Gartner in the 2nd quarter valued at $3,344,000. Massmutual Trust Co. FSB ADV increased its position in shares of Gartner by 1.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,558 shares of the information technology services provider’s stock worth $1,296,000 after purchasing an additional 37 shares in the last quarter. Czech National Bank lifted its holdings in Gartner by 6.1% during the 3rd quarter. Czech National Bank now owns 15,697 shares of the information technology services provider’s stock valued at $7,955,000 after purchasing an additional 903 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Gartner by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 17,692 shares of the information technology services provider’s stock valued at $8,966,000 after buying an additional 266 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $554.68, for a total value of $1,358,966.00. Following the sale, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,583 shares of company stock valued at $19,241,974. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Up 2.0 %

Shares of NYSE IT opened at $548.69 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $559.00. The firm’s 50-day moving average is $507.44 and its 200-day moving average is $503.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $42.32 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IT shares. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $550.75.

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.