Gartner, Inc. (NYSE:IT) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,024 shares of the information technology services provider’s stock after selling 50 shares during the period. Gartner accounts for about 0.9% of Moran Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Moran Wealth Management LLC owned about 0.07% of Gartner worth $26,657,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Kestra Investment Management LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new stake in Gartner during the third quarter valued at $44,000. True Wealth Design LLC increased its stake in 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 purchasing an additional 94 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Gartner during the fourth quarter worth $49,000. Finally, Promus Capital LLC bought a new position in shares of Gartner in the 4th quarter worth about $57,000. 91.51% of the stock is owned by institutional investors.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were 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 owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IT shares. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. 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 note on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $552.63.

Gartner Price Performance

Shares of IT opened at $482.18 on Monday. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The stock’s fifty day moving average is $509.85 and its 200-day moving average is $510.35. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’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. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Gartner 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.