Diversified Trust Co Takes Position in Gartner, Inc. (NYSE:IT)

Diversified Trust Co acquired a new position in Gartner, Inc. (NYSE:IT) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 396 shares of the information technology services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. Vanguard Group Inc. increased its position in shares of Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after purchasing an additional 60,786 shares during the period. Principal Financial Group Inc. boosted its stake in Gartner by 22.0% during the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after buying an additional 341,911 shares in the last quarter. Wellington Management Group LLP grew its holdings in Gartner by 12.0% during the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after acquiring an additional 198,274 shares during the period. Findlay Park Partners LLP raised its position in Gartner by 5.7% in the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock worth $323,240,000 after acquiring an additional 36,400 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Gartner by 1.3% during the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock valued at $290,742,000 after purchasing an additional 7,852 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $521.22 on Friday. The stock has a market cap of $40.46 billion, a PE ratio of 51.86, 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 $524.77. 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 business has a fifty day simple moving average of $495.34 and a 200-day simple moving average of $466.30.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Insider Activity at Gartner

In other news, CEO Eugene A. Hall sold 12,082 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 directly owns 1,905 shares in the company, valued at $963,949.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction that occurred 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,164 shares of company stock valued at $32,601,014. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on IT shares. Morgan Stanley increased their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Bank of America boosted their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $529.29.

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.