Eileen Serra Sells 1,200 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Gartner Trading Down 1.4 %

IT opened at $491.38 on Friday. 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, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. The firm has a market capitalization of $37.75 billion, a PE ratio of 30.65, a P/E/G ratio of 3.30 and a beta of 1.34. The company’s 50-day moving average is $509.78 and its 200 day moving average is $509.80.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $3.04 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gartner

A number of institutional investors have recently added to or reduced their stakes in IT. Norges Bank bought a new stake in Gartner in the 4th quarter worth about $460,541,000. Madison Investment Advisors LLC bought a new stake in Gartner in the 4th quarter worth about $244,799,000. Raymond James Financial Inc. bought a new stake in Gartner in the 4th quarter worth about $165,476,000. BNP Paribas Financial Markets grew its position in Gartner by 184.6% in the 4th quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider’s stock worth $189,172,000 after purchasing an additional 253,288 shares in the last quarter. Finally, FMR LLC grew its position in shares of Gartner by 8.6% during the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock valued at $1,367,233,000 after acquiring an additional 223,087 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IT shares. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $552.63.

About Gartner

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.