NBC Securities Inc. Boosts Holdings in Gartner, Inc. (NYSE:IT)

NBC Securities Inc. grew its position in shares of Gartner, Inc. (NYSE:IT) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,311 shares of the information technology services provider’s stock after buying an additional 46 shares during the quarter. NBC Securities Inc.’s holdings in Gartner were worth $1,677,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of Gartner during the 1st quarter worth approximately $36,000. Crewe Advisors LLC grew its holdings in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares during the period. J.Safra Asset Management Corp raised its position in Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Gartner in the second quarter valued at $94,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Gartner by 16.0% in the first quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock valued at $131,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the sale, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now directly owns 56,650 shares in the company, valued at approximately $28,636,008.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock worth $32,601,014 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IT. Wells Fargo & Company upped their price target on shares of Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research note on Monday. UBS Group upped their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Bank of America raised their price objective on Gartner from $525.00 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $532.86.

Gartner Stock Up 0.5 %

Shares of NYSE IT opened at $530.04 on Wednesday. The firm’s 50-day moving average is $496.73 and its two-hundred day moving average is $466.48. The company has a market capitalization of $41.15 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $534.80. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. Equities analysts anticipate that Gartner, Inc. will post 11.65 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.