Kendall Capital Management Purchases 2,116 Shares of Gartner, Inc. (NYSE:IT)

Kendall Capital Management boosted its position in Gartner, Inc. (NYSE:IT) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,413 shares of the information technology services provider’s stock after purchasing an additional 2,116 shares during the quarter. Gartner makes up 1.1% of Kendall Capital Management’s portfolio, making the stock its 24th biggest position. Kendall Capital Management’s holdings in Gartner were worth $3,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of Gartner during the fourth quarter valued at $29,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner during the third quarter valued at $44,000. True Wealth Design LLC increased its holdings in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Gartner during the fourth quarter valued at $49,000. Finally, Promus Capital LLC bought a new stake in Gartner in the 4th quarter worth about $57,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IT has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Morgan Stanley dropped their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Moderate Buy” and an average price target of $552.63.

Gartner Stock Down 0.2 %

IT stock opened at $482.18 on Friday. The business’s 50-day moving average price is $509.85 and its 200-day moving average price is $509.97. The stock has a market cap of $37.04 billion, a P/E ratio of 30.08, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

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.