Vident Advisory LLC Buys 155 Shares of Gartner, Inc. (NYSE:IT)

Vident Advisory LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,877 shares of the information technology services provider’s stock after purchasing an additional 155 shares during the quarter. Vident Advisory LLC’s holdings in Gartner were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Howard Capital Management Inc. lifted its position in Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after purchasing an additional 19 shares during the last quarter. Gilbert & Cook Inc. lifted its position in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock valued at $661,000 after purchasing an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock valued at $400,000 after purchasing an additional 20 shares during the last quarter. Sompo Asset Management Co. Ltd. lifted its holdings in shares of Gartner by 1.7% in the 4th quarter. Sompo Asset Management Co. Ltd. now owns 1,210 shares of the information technology services provider’s stock worth $586,000 after acquiring an additional 20 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Gartner by 2.9% in the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after acquiring an additional 21 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 0.4%

Shares of NYSE IT opened at $447.70 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 52 week low of $366.05 and a 52 week high of $584.01. The firm’s fifty day moving average is $420.53 and its 200 day moving average is $478.96. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm earned $2.93 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

IT has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group lowered their price objective on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Robert W. Baird lowered their price objective on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Finally, Barclays lowered their price objective on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus target price of $518.67.

Insider Buying and Selling at Gartner

In other Gartner news, CFO Craig Safian sold 3,415 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares of the company’s stock, valued at approximately $35,063,741.30. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 538 shares of the business’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total transaction of $241,610.42. Following the transaction, the executive vice president now directly owns 7,965 shares in the company, valued at approximately $3,577,001.85. The trade was a 6.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,001 shares of company stock valued at $2,736,801. 2.30% of the stock is currently owned by company insiders.

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.