One Wealth Management Investment & Advisory Services LLC Acquires 33 Shares of Gartner, Inc. (NYSE:IT)

One Wealth Management Investment & Advisory Services LLC increased its stake in Gartner, Inc. (NYSE:IT) by 2.7% during the second quarter, Holdings Channel.com reports. The firm owned 1,271 shares of the information technology services provider’s stock after purchasing an additional 33 shares during the quarter. One Wealth Management Investment & Advisory Services LLC’s holdings in Gartner were worth $571,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in shares of Gartner during the 4th quarter valued at $27,000. DSM Capital Partners LLC bought a new position in shares of Gartner in the fourth quarter worth about $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner during the first quarter worth about $36,000. Crewe Advisors LLC raised its stake in Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IT. Robert W. Baird increased their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley raised their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. UBS Group boosted their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price target on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $521.00.

Insider Buying and Selling

In other Gartner news, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total value of $2,734,200.00. Following the completion of the sale, the executive vice president now owns 19,724 shares of the company’s stock, valued at $9,664,760. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Gartner news, EVP Scott Hensel sold 5,580 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $490.00, for a total value of $2,734,200.00. Following the sale, the executive vice president now owns 19,724 shares in the company, valued at $9,664,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,998 shares of company stock valued at $13,834,898. Company insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.0 %

NYSE IT traded up $0.22 during trading hours on Friday, hitting $483.68. 356,677 shares of the company were exchanged, compared to its average volume of 391,639. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $509.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a 50-day moving average price of $471.55 and a 200 day moving average price of $458.93. The stock has a market cap of $37.55 billion, a PE ratio of 48.13, a price-to-earnings-growth ratio of 3.83 and a beta of 1.33.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. Analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Gartner 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.