Insider Selling: Gartner, Inc. (NYSE:IT) Director Sells 17,533 Shares of Stock

Gartner, Inc. (NYSE:IT) Director James C. Smith sold 17,533 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the completion of the sale, the director now owns 532,294 shares in the company, valued at approximately $291,212,724.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Gartner Trading Up 0.2 %

NYSE IT traded up $1.14 on Wednesday, hitting $551.80. 420,145 shares of the stock were exchanged, compared to its average volume of 369,079. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. The firm has a market capitalization of $42.52 billion, a P/E ratio of 40.93, a P/E/G ratio of 3.44 and a beta of 1.32. The stock has a fifty day moving average price of $515.17 and a two-hundred day moving average price of $476.03.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $2.56 EPS. Research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in shares of Gartner by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after purchasing an additional 2,560 shares during the period. Transcend Capital Advisors LLC bought a new position in shares of Gartner during the 2nd quarter worth $512,000. Tidal Investments LLC grew its position in shares of Gartner by 24.4% during the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after buying an additional 1,940 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Gartner during the first quarter valued at $1,049,000. Finally, Vident Advisory LLC raised its holdings in shares of Gartner by 543.2% in the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after acquiring an additional 7,751 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Robert W. Baird boosted their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. UBS Group increased their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus price target of $539.25.

About Gartner

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.