MorganRosel Wealth Management LLC Grows Stock Holdings in Gartner, Inc. (NYSE:IT)

MorganRosel Wealth Management LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 18.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,056 shares of the information technology services provider’s stock after acquiring an additional 324 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Gartner were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Kestra Investment Management LLC purchased a new position in shares of Gartner during the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new stake in Gartner during the third quarter worth about $44,000. True Wealth Design LLC raised 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 valued at $50,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in Gartner in the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, SVP John J. Rinello sold 90 shares of the company’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 completion of the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 690 shares of company stock valued at $360,925. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IT shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley lowered their price target on 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 assigned a hold rating and six have issued a buy rating to the company’s stock. 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 Price Performance

NYSE:IT opened at $497.72 on Tuesday. The stock has a 50 day moving average of $509.33 and a two-hundred day moving average of $509.73. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The firm has a market cap of $38.23 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. 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 quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the company earned $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.