Gartner, Inc. (NYSE:IT) Shares Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,065 shares of the information technology services provider’s stock after acquiring an additional 32 shares during the period. United Capital Financial Advisors LLC’s holdings in Gartner were worth $8,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Gartner during the fourth quarter worth approximately $460,541,000. Madison Investment Advisors LLC purchased a new position in shares of Gartner during the 4th quarter valued at approximately $244,799,000. Raymond James Financial Inc. acquired a new stake in Gartner in the 4th quarter valued at $165,476,000. FMR LLC increased its holdings in Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock worth $1,367,233,000 after acquiring an additional 223,087 shares in the last quarter. Finally, Fisher Funds Management LTD acquired a new position in Gartner during the fourth quarter worth $97,518,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Performance

NYSE IT opened at $403.50 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The business has a fifty day moving average of $456.10 and a 200-day moving average of $494.86. The stock has a market cap of $31.00 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Robert W. Baird reduced their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. UBS Group decreased their price objective on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $518.00.

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.