Blue Trust Inc. Has $571,000 Position in Gartner, Inc. (NYSE:IT)

Blue Trust Inc. raised its stake in shares of Gartner, Inc. (NYSE:IT) by 164.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,126 shares of the information technology services provider’s stock after purchasing an additional 700 shares during the period. Blue Trust Inc.’s holdings in Gartner were worth $571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signet Financial Management LLC increased its stake in shares of Gartner by 1.7% in the first quarter. Signet Financial Management LLC now owns 7,481 shares of the information technology services provider’s stock worth $3,566,000 after purchasing an additional 126 shares during the period. Cardinal Capital Management increased its position in Gartner by 8.3% in the 1st quarter. Cardinal Capital Management now owns 3,497 shares of the information technology services provider’s stock worth $1,667,000 after buying an additional 267 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Gartner by 6.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,550 shares of the information technology services provider’s stock worth $12,656,000 after buying an additional 1,582 shares during the period. MorganRosel Wealth Management LLC lifted its holdings in shares of Gartner by 10.8% during the first quarter. MorganRosel Wealth Management LLC now owns 2,330 shares of the information technology services provider’s stock worth $1,111,000 after buying an additional 228 shares during the last quarter. Finally, Chapin Davis Inc. boosted its position in shares of Gartner by 26.1% in the first quarter. Chapin Davis Inc. now owns 2,683 shares of the information technology services provider’s stock valued at $1,279,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $531.49 on Tuesday. 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 firm has a 50-day moving average price of $502.34 and a 200 day moving average price of $468.57. The firm has a market capitalization of $41.26 billion, a PE ratio of 52.88, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $2.85 EPS. Research analysts anticipate that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research report on Monday, October 14th. BMO Capital Markets lifted their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley raised their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $532.86.

Insider Buying and Selling at Gartner

In other news, CEO Eugene A. Hall sold 12,082 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Eugene A. Hall sold 12,082 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the transaction, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,164 shares of company stock valued at $32,601,014. 3.60% of the stock is currently owned by company insiders.

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.