Orion Portfolio Solutions LLC Sells 2,758 Shares of Gartner, Inc. (NYSE:IT)

Orion Portfolio Solutions LLC trimmed its holdings in Gartner, Inc. (NYSE:IT) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 21,215 shares of the information technology services provider’s stock after selling 2,758 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Gartner were worth $10,278,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of Gartner in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Gartner in the fourth quarter worth approximately $49,000. True Wealth Design LLC grew its position 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 worth $50,000 after purchasing an additional 94 shares during the period. Promus Capital LLC purchased a new stake in Gartner during the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock valued at $134,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Gartner Trading Down 1.5 %

Shares of Gartner stock opened at $418.57 on Friday. Gartner, Inc. has a fifty-two week low of $409.50 and a fifty-two week high of $584.01. 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 company has a market capitalization of $32.15 billion, a P/E ratio of 26.11, a P/E/G ratio of 3.30 and a beta of 1.29. The company has a fifty day moving average of $494.18 and a 200 day moving average of $505.53.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Morgan Stanley dropped their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $536.63.

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.