Financial Counselors Inc. Acquires Shares of 654 Gartner, Inc. (NYSE:IT)

Financial Counselors Inc. bought a new position in shares of Gartner, Inc. (NYSE:IT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 654 shares of the information technology services provider’s stock, valued at approximately $331,000.

Other large investors also recently modified their holdings of the company. Sustainable Growth Advisers LP bought a new position in Gartner in the 2nd quarter worth $266,541,000. Principal Financial Group Inc. raised its stake in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after buying an additional 341,911 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Gartner by 117.4% in the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gartner during the 3rd quarter valued at approximately $36,789,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Gartner by 1,074.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider’s stock worth $35,631,000 after acquiring an additional 64,327 shares during the period. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of several research reports. Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Barclays upped their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus price target of $539.25.

Gartner Stock Down 0.3 %

Shares of Gartner stock opened at $517.93 on Friday. The company has a 50-day simple moving average of $521.01 and a two-hundred day simple moving average of $483.99. The stock has a market capitalization of $39.95 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00. 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 (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.56 earnings per share. On average, analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Transactions at Gartner

In other Gartner news, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. The trade was a 20.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the sale, the director now owns 509,457 shares of the company’s stock, valued at approximately $266,965,657.14. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,149 shares of company stock worth $37,694,911 over the last quarter. 3.60% of the stock is currently owned by insiders.

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.