Elwood & Goetz Wealth Advisory Group LLC Sells 163 Shares of Gartner, Inc. (NYSE:IT)

Elwood & Goetz Wealth Advisory Group LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,551 shares of the information technology services provider’s stock after selling 163 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Gartner were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IT. Sequoia Financial Advisors LLC boosted its stake in Gartner by 29.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,701 shares of the information technology services provider’s stock valued at $862,000 after purchasing an additional 387 shares during the period. Eastern Bank bought a new stake in shares of Gartner in the 3rd quarter worth approximately $26,000. Private Advisor Group LLC lifted its position in shares of Gartner by 71.3% in the 3rd quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock worth $456,000 after acquiring an additional 375 shares during the period. International Assets Investment Management LLC lifted its position in shares of Gartner by 65,778.0% in the 3rd quarter. International Assets Investment Management LLC now owns 32,939 shares of the information technology services provider’s stock worth $16,692,000 after acquiring an additional 32,889 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Gartner by 11.3% in the 3rd quarter. CENTRAL TRUST Co now owns 443 shares of the information technology services provider’s stock worth $224,000 after acquiring an additional 45 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $552.63.

Insider Activity at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Gartner Price Performance

Gartner stock opened at $487.44 on Friday. The business has a 50 day simple moving average of $509.42 and a 200 day simple moving average of $509.30. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The company has a market capitalization of $37.44 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm posted $3.04 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.