Gartner, Inc. (NYSE:IT) Stock Position Decreased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in shares of Gartner, Inc. (NYSE:ITGet Rating) by 24.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,167 shares of the information technology services provider’s stock after selling 3,848 shares during the period. Orion Portfolio Solutions LLC’s holdings in Gartner were worth $2,942,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IT. Precision Wealth Strategies LLC lifted its stake in shares of Gartner by 5.0% in the 2nd quarter. Precision Wealth Strategies LLC now owns 1,243 shares of the information technology services provider’s stock worth $296,000 after acquiring an additional 59 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of Gartner by 79.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,407 shares of the information technology services provider’s stock worth $340,000 after acquiring an additional 624 shares during the period. Private Advisor Group LLC lifted its stake in shares of Gartner by 35.8% in the 2nd quarter. Private Advisor Group LLC now owns 5,615 shares of the information technology services provider’s stock worth $1,358,000 after acquiring an additional 1,480 shares during the period. PFG Advisors lifted its stake in shares of Gartner by 49.9% in the 2nd quarter. PFG Advisors now owns 3,303 shares of the information technology services provider’s stock worth $799,000 after acquiring an additional 1,100 shares during the period. Finally, AustralianSuper Pty Ltd lifted its stake in shares of Gartner by 10.9% in the 2nd quarter. AustralianSuper Pty Ltd now owns 64,377 shares of the information technology services provider’s stock worth $15,568,000 after acquiring an additional 6,333 shares during the period. Institutional investors own 92.20% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Jules Kaufman sold 4,136 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $291.48, for a total value of $1,205,561.28. Following the transaction, the executive vice president now owns 4,664 shares in the company, valued at approximately $1,359,462.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Gartner news, EVP Jules Kaufman sold 4,136 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $291.48, for a total value of $1,205,561.28. Following the transaction, the executive vice president now owns 4,664 shares in the company, valued at approximately $1,359,462.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eugene A. Hall sold 10,425 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $294.26, for a total transaction of $3,067,660.50. Following the completion of the transaction, the chief executive officer now owns 1,167,041 shares in the company, valued at approximately $343,413,484.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,640 shares of company stock worth $7,006,015. 3.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on IT. BMO Capital Markets cut their target price on shares of Gartner from $315.00 to $265.00 and set a “market perform” rating for the company in a research note on Tuesday, June 21st. Robert W. Baird increased their target price on shares of Gartner from $334.00 to $365.00 in a research note on Wednesday, August 3rd. Wells Fargo & Company increased their target price on shares of Gartner from $305.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Barclays increased their target price on shares of Gartner from $265.00 to $315.00 and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Finally, Morgan Stanley increased their target price on shares of Gartner from $274.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.67.

Gartner Stock Down 2.6 %

Shares of NYSE:IT opened at $280.10 on Friday. The company has a debt-to-equity ratio of 20.79, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $22.15 billion, a PE ratio of 31.58, a price-to-earnings-growth ratio of 2.85 and a beta of 1.40. Gartner, Inc. has a 52 week low of $221.39 and a 52 week high of $368.99. The firm has a 50 day simple moving average of $287.98 and a 200 day simple moving average of $275.19.

Gartner (NYSE:ITGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The information technology services provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.15 by $0.70. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.32 billion. Gartner had a net margin of 14.42% and a return on equity of 497.67%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.24 EPS. As a group, research analysts expect that Gartner, Inc. will post 9.08 earnings per share for the current year.

Gartner Profile

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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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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