Argent Capital Management LLC Buys 1,918 Shares of Gartner, Inc. (NYSE:IT)

Argent Capital Management LLC grew its stake in shares of Gartner, Inc. (NYSE:IT) by 24.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,821 shares of the information technology services provider’s stock after acquiring an additional 1,918 shares during the period. Argent Capital Management LLC’s holdings in Gartner were worth $4,977,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Moors & Cabot Inc. boosted its holdings in shares of Gartner by 3.0% in the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after acquiring an additional 22 shares during the period. TIAA Trust National Association grew its holdings in Gartner by 3.2% during the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 23 shares in the last quarter. Mather Group LLC. increased its position in shares of Gartner by 2.2% during the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 23 shares during the period. Wallace Advisory Group LLC lifted its holdings in shares of Gartner by 2.4% in the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after buying an additional 23 shares in the last quarter. Finally, Trust Point Inc. boosted its position in shares of Gartner by 3.2% in the third quarter. Trust Point Inc. now owns 746 shares of the information technology services provider’s stock valued at $378,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IT. Morgan Stanley lifted their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Robert W. Baird upped their target price on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. UBS Group increased their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note 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 upped their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $532.86.

Gartner Trading Down 0.5 %

NYSE IT traded down $2.36 during trading on Thursday, hitting $518.49. 30,732 shares of the company’s stock traded hands, compared to its average volume of 368,098. The firm has a market cap of $40.25 billion, a P/E ratio of 51.83, a PEG ratio of 3.23 and a beta of 1.32. The stock has a fifty day moving average of $504.06 and a two-hundred day moving average of $469.31. 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, Inc. has a 12-month low of $323.61 and a 12-month high of $535.29.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 11.65 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at $947,411.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares in the company, valued at $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last three months. 3.60% of the stock is owned by insiders.

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.