60 Shares in Gartner, Inc. (NYSE:IT) Acquired by MCF Advisors LLC

MCF Advisors LLC acquired a new position in Gartner, Inc. (NYSE:IT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 60 shares of the information technology services provider’s stock, valued at approximately $27,000.

A number of other hedge funds have also recently added to or reduced their stakes in IT. OFI Invest Asset Management acquired a new position in Gartner during the third quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new position in Gartner in the 4th quarter valued at $26,000. VisionPoint Advisory Group LLC raised its holdings in Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 61 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in Gartner by 357.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 68 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In related news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the sale, the director now owns 638,235 shares of the company’s stock, valued at $290,396,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $457.37, for a total value of $256,127.20. Following the sale, the executive vice president now directly owns 2,398 shares in the company, valued at approximately $1,096,773.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the completion of the sale, the director now owns 638,235 shares in the company, valued at $290,396,925. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock worth $10,598,070. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IT shares. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. BMO Capital Markets raised their target price on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their price target for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Morgan Stanley increased their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $477.60.

Gartner Trading Up 0.6 %

Gartner stock opened at $443.06 on Tuesday. Gartner, Inc. has a 12 month low of $292.60 and a 12 month high of $486.54. The stock has a market cap of $34.55 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29. The business has a 50 day moving average price of $464.91 and a two-hundred day moving average price of $436.38. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $3.70 earnings per share. Gartner’s revenue was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Gartner, Inc. will post 11.36 EPS for the current year.

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.