Fidelis Capital Partners LLC Sells 25 Shares of Gartner, Inc. (NYSE:IT)

Fidelis Capital Partners LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 695 shares of the information technology services provider’s stock after selling 25 shares during the period. Fidelis Capital Partners LLC’s holdings in Gartner were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. First Trust Direct Indexing L.P. grew its position in Gartner by 11.8% in the 1st quarter. First Trust Direct Indexing L.P. now owns 1,915 shares of the information technology services provider’s stock valued at $913,000 after purchasing an additional 202 shares during the period. American National Bank & Trust Co. VA acquired a new stake in Gartner in the 1st quarter valued at $249,000. Commonwealth Equity Services LLC grew its position in Gartner by 15.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,152 shares of the information technology services provider’s stock valued at $2,456,000 after purchasing an additional 703 shares during the period. Findlay Park Partners LLP grew its position in Gartner by 5.7% in the 1st quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after purchasing an additional 36,400 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in Gartner in the 1st quarter valued at $1,019,000. 91.51% of the stock is currently owned by institutional investors.

Insider Transactions at Gartner

In other news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,582 shares of company stock worth $25,743,407 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Bank of America lifted their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley raised 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. Finally, Wells Fargo & Company raised their price objective on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $532.86.

Gartner Trading Down 0.1 %

NYSE IT opened at $517.95 on Thursday. The stock has a market capitalization of $40.21 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 3.25 and a beta of 1.32. Gartner, Inc. has a one year low of $329.20 and a one year high of $535.29. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average is $506.64 and its 200-day moving average is $470.63.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion for 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%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.85 EPS. Equities research analysts predict that Gartner, Inc. will post 11.65 EPS for the current year.

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.