Argent Capital Management LLC Has $3.55 Million Holdings in Gartner, Inc. (NYSE:IT)

Argent Capital Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 7,903 shares of the information technology services provider’s stock after buying an additional 131 shares during the period. Argent Capital Management LLC’s holdings in Gartner were worth $3,549,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TCW Group Inc. raised its holdings in shares of Gartner by 4.0% in the fourth quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock valued at $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 buying an additional 2,560 shares during the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Gartner in the 4th quarter valued at about $2,093,000. Charles Schwab Investment Management Inc. increased its position in shares of Gartner by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock valued at $208,328,000 after acquiring an additional 10,828 shares during the last quarter. Finally, Madison Asset Management LLC boosted its position in Gartner by 2.8% during the fourth quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock valued at $155,478,000 after purchasing an additional 9,538 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on IT. UBS Group boosted their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Morgan Stanley lifted their price objective on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. BMO Capital Markets upped their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $521.00.

Gartner Stock Performance

NYSE IT traded up $3.47 on Friday, reaching $480.86. The stock had a trading volume of 226,707 shares, compared to its average volume of 398,353. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.91. The company has a market cap of $37.33 billion, a P/E ratio of 47.85, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The firm has a fifty day moving average of $464.03 and a two-hundred day moving average of $456.67. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $509.15.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. On average, equities research analysts anticipate that Gartner, Inc. will post 11.58 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the transaction, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Eugene A. Hall sold 12,082 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne Sutherland Fuchs sold 705 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total value of $302,437.95. Following the completion of the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. Insiders sold a total of 32,680 shares of company stock worth $15,581,792 over the last three months. Corporate insiders own 3.60% of the company’s stock.

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.