Gartner, Inc. (NYSE:IT – Get Free Report) EVP Scott Hensel sold 5,580 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the sale, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Gartner Trading Down 0.6 %
IT stock opened at $483.86 on Friday. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $509.15. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 3.83 and a beta of 1.33. The business has a 50 day simple moving average of $470.86 and a two-hundred day simple moving average of $458.69.
Gartner (NYSE:IT – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 11.59 EPS for the current fiscal year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IT. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $27,000. DSM Capital Partners LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner during the 1st quarter worth approximately $36,000. Crewe Advisors LLC raised its holdings in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Gartner during the 4th quarter worth approximately $67,000. 91.51% of the stock is currently owned by institutional investors.
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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