Gilbert & Cook Inc. Buys 20 Shares of Gartner, Inc. (NYSE:IT)

Gilbert & Cook Inc. boosted its holdings in Gartner, Inc. (NYSE:IT) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,364 shares of the information technology services provider’s stock after buying an additional 20 shares during the period. Gilbert & Cook Inc.’s holdings in Gartner were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of IT. Hanson & Doremus Investment Management bought a new stake in shares of Gartner during the 4th quarter valued at about $145,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Gartner by 4.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 27,268 shares of the information technology services provider’s stock worth $13,211,000 after acquiring an additional 1,129 shares during the period. Sumitomo Life Insurance Co. purchased a new stake in shares of Gartner in the fourth quarter worth about $703,000. R Squared Ltd purchased a new stake in shares of Gartner in the fourth quarter worth about $291,000. Finally, KBC Group NV grew its stake in Gartner by 24.0% during the fourth quarter. KBC Group NV now owns 15,109 shares of the information technology services provider’s stock valued at $7,320,000 after acquiring an additional 2,923 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 2.0 %

Shares of NYSE IT traded up $10.56 during trading on Thursday, reaching $548.55. 9,883 shares of the stock were exchanged, compared to its average volume of 422,495. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $42.31 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-growth ratio of 2.92 and a beta of 1.33. The business’s 50-day moving average price is $506.85 and its 200 day moving average price is $502.86.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm earned $2.56 EPS. Gartner’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IT. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley reduced their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and an average price target of $550.75.

Insider Buying and Selling

In related news, Director James C. Smith sold 17,533 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the completion of the sale, the director now owns 532,294 shares in the company, valued at $291,212,724.46. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,583 shares of company stock valued at $19,241,974 over the last ninety days. Company 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.