Whittier Trust Co. Acquires 25 Shares of Gartner, Inc. (NYSE:IT)

Whittier Trust Co. increased its holdings in Gartner, Inc. (NYSE:IT) by 5.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 457 shares of the information technology services provider’s stock after buying an additional 25 shares during the period. Whittier Trust Co.’s holdings in Gartner were worth $232,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IT. Central Pacific Bank Trust Division bought a new stake in Gartner in the first quarter worth $36,000. Crewe Advisors LLC increased its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the last quarter. J.Safra Asset Management Corp increased its position in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 54 shares during the last quarter. Asset Dedication LLC increased its position in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 47 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Gartner during the second quarter valued at $94,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $532.86.

Insider Buying and Selling

In related news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the completion of the sale, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock valued at $32,601,014 over the last three months. 3.60% of the stock is owned by company insiders.

Gartner Stock Down 0.6 %

Shares of IT opened at $517.95 on Friday. The firm has a market capitalization of $40.21 billion, a P/E ratio of 51.54, a P/E/G ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a fifty day moving average price of $504.74 and a 200-day moving average price of $469.64.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts expect that Gartner, Inc. will post 11.65 earnings per share for the current 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.