Blue Trust Inc. Buys 312 Shares of Gartner, Inc. (NYSE:IT)

Blue Trust Inc. lifted its position in Gartner, Inc. (NYSE:IT) by 273.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 426 shares of the information technology services provider’s stock after buying an additional 312 shares during the quarter. Blue Trust Inc.’s holdings in Gartner were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Gartner during the fourth quarter worth approximately $10,989,000. Strs Ohio acquired a new position in shares of Gartner during the 4th quarter worth approximately $1,306,000. Daiwa Securities Group Inc. raised its stake in Gartner by 8.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 7,162 shares of the information technology services provider’s stock valued at $3,231,000 after acquiring an additional 583 shares during the period. abrdn plc lifted its holdings in Gartner by 15.8% during the 4th quarter. abrdn plc now owns 59,872 shares of the information technology services provider’s stock valued at $27,009,000 after purchasing an additional 8,150 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its position in Gartner by 43.9% during the fourth quarter. Lindbrook Capital LLC now owns 177 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 54 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America increased their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Finally, StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One research 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, Gartner presently has a consensus rating of “Hold” and an average target price of $521.00.

Insider Activity at Gartner

In other news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the transaction, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Gartner news, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at $577,228,502.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total value of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares of the company’s stock, valued at $3,656,710.76. The disclosure for this sale can be found here. Insiders have sold 26,770 shares of company stock valued at $12,700,121 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $482.70 on Monday. The company has a 50 day moving average of $459.28 and a 200-day moving average of $456.06. The company has a market cap of $37.47 billion, a PE ratio of 48.03, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.91 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $509.15.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Gartner, Inc. will post 11.58 earnings per share for the current fiscal year.

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.