Nicolet Advisory Services LLC Has $376,000 Position in Gartner, Inc. (NYSE:IT)

Nicolet Advisory Services LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 13.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 801 shares of the information technology services provider’s stock after buying an additional 94 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Gartner were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. RFG Advisory LLC lifted its position in shares of Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after buying an additional 431 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Gartner by 169.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after purchasing an additional 23,701 shares during the last quarter. TCW Group Inc. lifted its holdings in Gartner by 4.0% during the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in Gartner during the 4th quarter worth approximately $2,093,000. Finally, Russell Investments Group Ltd. lifted its holdings in Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 439 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the transaction, the director now directly owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Yvonne Genovese sold 439 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total value of $200,241.07. Following the transaction, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,544 shares of company stock valued at $10,079,813. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group reduced their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird dropped their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Morgan Stanley boosted their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $478.50.

Gartner Stock Down 0.2 %

IT stock traded down $0.72 during trading on Friday, reaching $458.55. 242,952 shares of the stock were exchanged, compared to its average volume of 329,669. The firm’s 50 day moving average is $443.64 and its 200 day moving average is $452.56. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The firm has a market cap of $35.60 billion, a P/E ratio of 45.63, a price-to-earnings-growth ratio of 4.01 and a beta of 1.33.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business earned $2.88 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts forecast that Gartner, Inc. will post 11.55 EPS for the current year.

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.