Gartner, Inc. (NYSE:IT) Shares Purchased by Haverford Trust Co

Haverford Trust Co boosted its stake in Gartner, Inc. (NYSE:IT) by 27.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 942 shares of the information technology services provider’s stock after buying an additional 203 shares during the period. Haverford Trust Co’s holdings in Gartner were worth $477,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IT. Russell Investments Group Ltd. raised its stake in shares of Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after acquiring an additional 2,560 shares during the period. Transcend Capital Advisors LLC acquired a new position in Gartner during the second quarter worth $512,000. Tidal Investments LLC boosted its position in shares of Gartner by 24.4% during the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after buying an additional 1,940 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Gartner in the first quarter valued at $1,049,000. Finally, Vident Advisory LLC raised its holdings in shares of Gartner by 543.2% in the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after buying an additional 7,751 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This trade represents a 18.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. The trade was a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is currently owned by insiders.

Gartner Stock Down 2.7 %

Gartner stock opened at $537.10 on Friday. The stock’s fifty day moving average is $517.54 and its two-hundred day moving average is $476.98. The stock has a market cap of $41.39 billion, a PE ratio of 39.61, a P/E/G ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $2.56 EPS. On average, sell-side analysts expect that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IT. Robert W. Baird lifted their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, UBS Group increased their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.