Callan Family Office LLC Makes New Investment in Gartner, Inc. (NYSE:IT)

Callan Family Office LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 912 shares of the information technology services provider’s stock, valued at approximately $442,000.

A number of other institutional investors also recently modified their holdings of IT. Kestra Investment Management LLC bought a new stake in Gartner in the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of Gartner in the third quarter valued at approximately $44,000. SBI Securities Co. Ltd. bought a new stake in shares of Gartner in the fourth quarter valued at approximately $49,000. True Wealth Design LLC grew its position in Gartner by 2,350.0% during 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 in the last quarter. Finally, Promus Capital LLC bought a new position in Gartner during the 4th quarter worth $57,000. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IT shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.

Gartner Trading Down 0.2 %

Shares of Gartner stock opened at $482.18 on Monday. The firm’s 50 day moving average is $509.85 and its 200 day moving average is $510.35. The firm has a market capitalization of $37.04 billion, a PE ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share 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 firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner 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.