Gartner, Inc. (NYSE:IT – Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,120,000 shares, a drop of 12.5% from the July 15th total of 1,280,000 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 402,800 shares, the short-interest ratio is currently 2.8 days.
Insiders Place Their Bets
In other Gartner news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Alwyn Dawkins sold 800 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $454.57, for a total transaction of $363,656.00. Following the completion of the transaction, the executive vice president now directly owns 50,783 shares of the company’s stock, valued at $23,084,428.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,480 shares of company stock valued at $15,945,448. Insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of IT. MCF Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $27,000. DSM Capital Partners LLC acquired a new position in shares of Gartner during the fourth quarter worth $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the first quarter worth $36,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Gartner by 36.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 25 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Gartner
Gartner Trading Up 0.5 %
NYSE IT traded up $2.30 during trading hours on Monday, hitting $485.00. 296,128 shares of the company’s stock were exchanged, compared to its average volume of 402,036. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.91 and a current ratio of 0.90. The firm has a market capitalization of $37.65 billion, a P/E ratio of 48.09, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The business’s 50 day moving average is $459.28 and its 200-day moving average is $456.05. Gartner has a 12-month low of $323.61 and a 12-month high of $509.15.
Gartner (NYSE:IT – Get Free Report) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Gartner will post 11.58 EPS 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.
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