Insider Selling: Gartner, Inc. (NYSE:IT) EVP Sells 478 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 478 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gartner Stock Performance

IT stock traded down $0.48 during trading hours on Monday, reaching $510.08. The stock had a trading volume of 249,294 shares, compared to its average volume of 388,179. The stock has a 50-day simple moving average of $477.01 and a 200 day simple moving average of $460.61. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $515.09. The stock has a market capitalization of $39.60 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $2.85 earnings per share. Analysts predict that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on IT shares. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group boosted their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. BMO Capital Markets boosted their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley raised their target price on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $521.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. TCW Group Inc. raised its position in shares of Gartner by 4.0% in the fourth quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock valued at $89,800,000 after purchasing an additional 7,639 shares during the period. Russell Investments Group Ltd. lifted its position in Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after acquiring an additional 2,560 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Gartner during the fourth quarter worth approximately $2,093,000. Madison Asset Management LLC grew its position in shares of Gartner by 2.8% in the fourth quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock valued at $155,478,000 after purchasing an additional 9,538 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Gartner by 3,456.6% during the 4th quarter. TFO Wealth Partners LLC now owns 2,703 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 2,627 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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.