Gartner, Inc. (NYSE:IT) Shares Acquired by Mather Group LLC.

Mather Group LLC. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,257 shares of the information technology services provider’s stock after buying an additional 26 shares during the period. Mather Group LLC.’s holdings in Gartner were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Gartner in the 3rd quarter valued at approximately $44,000. True Wealth Design LLC increased its holdings in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 94 shares during the last quarter. Fortitude Family Office LLC increased its holdings in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 20 shares during the last quarter. Finally, Asset Dedication LLC increased its holdings in Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 1.1 %

Gartner stock opened at $541.37 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock’s fifty day simple moving average is $509.41 and its 200-day simple moving average is $505.86. The firm has a market capitalization of $41.76 billion, a P/E ratio of 39.92, a P/E/G ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. As a group, equities analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,583 shares of company stock worth $13,884,374. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on IT shares. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $552.63.

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.