445 Shares in Gartner, Inc. (NYSE:IT) Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC purchased a new position in Gartner, Inc. (NYSE:IT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 445 shares of the information technology services provider’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in Gartner by 11.4% during 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 during the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at $512,000. Tidal Investments LLC increased its position in Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after purchasing an additional 1,940 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Gartner during the first quarter valued at $1,049,000. Finally, Vident Advisory LLC lifted its position in Gartner by 543.2% during the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after purchasing an additional 7,751 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gartner

In other news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total value of $5,357,600.00. Following the completion of the sale, the director now owns 554,274 shares of the company’s stock, valued at approximately $296,957,838.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at $963,949.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the sale, the director now owns 554,274 shares of the company’s stock, valued at approximately $296,957,838.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,899 shares of company stock valued at $30,317,486. Company insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.3 %

NYSE:IT opened at $550.66 on Wednesday. Gartner, Inc. has a twelve month low of $410.58 and a twelve month high of $559.00. The stock has a fifty day simple moving average of $515.17 and a 200-day simple moving average of $476.03. The company has a market cap of $42.43 billion, a price-to-earnings ratio of 40.61, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Gartner’s revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IT shares. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays upped their price objective on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $539.25.

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.