OneDigital Investment Advisors LLC Sells 138 Shares of Gartner, Inc. (NYSE:IT)

OneDigital Investment Advisors LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,463 shares of the information technology services provider’s stock after selling 138 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Gartner were worth $741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Principal Financial Group Inc. lifted its position in shares of Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. Sustainable Growth Advisers LP purchased a new position in Gartner in the 2nd quarter worth approximately $266,541,000. Dimensional Fund Advisors LP boosted its stake in Gartner by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after purchasing an additional 56,908 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Gartner by 38.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after buying an additional 114,610 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Gartner by 5.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 371,868 shares of the information technology services provider’s stock valued at $166,991,000 after buying an additional 20,356 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $517.73 on Wednesday. The business’s 50 day moving average price is $519.24 and its 200-day moving average price is $479.68. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a market cap of $39.93 billion, a P/E ratio of 38.18, a P/E/G ratio of 3.27 and a beta of 1.32. 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 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. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Bank of America raised their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted 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 upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average price target of $539.25.

Insiders Place Their Bets

In other news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at approximately $947,411.58. This trade represents a 18.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Hensel sold 5,580 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the transaction, the executive vice president now owns 19,724 shares in the company, valued at approximately $9,664,760. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,172 shares of company stock valued at $38,023,255 over the last 90 days. Insiders own 3.60% of the company’s stock.

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.