Mercer Global Advisors Inc. ADV Has $2.19 Million Holdings in Gartner, Inc. (NYSE:IT)

Mercer Global Advisors Inc. ADV boosted its holdings in Gartner, Inc. (NYSE:IT) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,407 shares of the information technology services provider’s stock after purchasing an additional 293 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Gartner were worth $2,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position 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 buying an additional 2,560 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in Gartner in the 4th quarter valued at $2,093,000. Madison Asset Management LLC lifted its position in shares of Gartner by 2.8% during the 4th quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock valued at $155,478,000 after acquiring an additional 9,538 shares during the period. TFO Wealth Partners LLC grew its holdings in shares of Gartner by 3,456.6% during the 4th quarter. TFO Wealth Partners LLC now owns 2,703 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 2,627 shares in the last quarter. Finally, Transcend Capital Advisors LLC bought a new position in shares of Gartner in the second quarter worth $512,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IT. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley upped their target price on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Wells Fargo & Company raised Gartner to a “strong sell” rating in a report on Tuesday, August 13th. BMO Capital Markets lifted their target price on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird raised their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $521.00.

Gartner Stock Performance

Gartner stock opened at $516.38 on Tuesday. The business has a 50 day moving average of $484.29 and a 200-day moving average of $462.45. The company has a market capitalization of $40.09 billion, a P/E ratio of 51.38, a P/E/G ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $517.48. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 EPS. On average, equities research analysts predict that Gartner, Inc. will post 11.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the sale, the director now owns 19,825 shares of the company’s stock, valued at $9,229,528.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Karen E. Dykstra sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the sale, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the transaction, the chief financial officer now owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by company 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.