Quartz Partners LLC Buys 350 Shares of Gartner, Inc. (NYSE:IT)

Quartz Partners LLC increased its position in Gartner, Inc. (NYSE:IT) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,629 shares of the information technology services provider’s stock after purchasing an additional 350 shares during the period. Gartner makes up approximately 1.4% of Quartz Partners LLC’s holdings, making the stock its 17th biggest position. Quartz Partners LLC’s holdings in Gartner were worth $2,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Baron Wealth Management LLC lifted its holdings in shares of Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 19 shares in the last quarter. Howard Capital Management Inc. raised its position in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC lifted its stake in Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Gilbert & Cook Inc. lifted its stake in Gartner by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after acquiring an additional 20 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after acquiring an additional 22 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % 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 5,000 shares of Gartner stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the sale, the director now owns 509,457 shares in the company, valued at approximately $266,965,657.14. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock worth $2,981,025 in the last three months. Company insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of IT opened at $487.44 on Monday. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 3.30 and a beta of 1.34. The business has a 50-day simple moving average of $509.42 and a two-hundred day simple moving average of $509.60.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business earned $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on IT shares. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. 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. Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $552.63.

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.