Gartner (NYSE:IT) SVP Sells $50,505.40 in Stock

Gartner, Inc. (NYSE:IT) SVP John Rinello sold 220 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gartner Price Performance

Shares of Gartner stock traded down $2.43 on Friday, hitting $229.67. The company’s stock had a trading volume of 656,933 shares, compared to its average volume of 954,768. The company has a market capitalization of $16.55 billion, a P/E ratio of 20.15 and a beta of 1.08. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01. The firm has a fifty day moving average price of $240.59 and a 200-day moving average price of $302.73. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a net margin of 13.71% and a return on equity of 92.12%. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Addison Advisors LLC purchased a new stake in Gartner during the second quarter valued at about $27,000. Ransom Advisory Ltd purchased a new position in shares of Gartner in the 1st quarter worth about $29,000. True Wealth Design LLC lifted its stake in shares of Gartner by 1,130.8% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 147 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Gartner during the 2nd quarter worth about $47,000. Finally, Versant Capital Management Inc increased its position in Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 167 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Barclays lowered their target price on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley set a $307.00 price objective on Gartner in a research report on Monday, October 13th. Wolfe Research assumed coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Finally, UBS Group set a $256.00 price objective on shares of Gartner and gave the company a “neutral” rating in a research report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $311.67.

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.