Crossmark Global Holdings Inc. Sells 402 Shares of Gartner, Inc. (NYSE:IT)

Crossmark Global Holdings Inc. lessened its holdings in Gartner, Inc. (NYSE:IT) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,285 shares of the information technology services provider’s stock after selling 402 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Gartner were worth $2,172,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IT. Empowered Funds LLC raised its holdings in Gartner by 12.1% during the 1st quarter. Empowered Funds LLC now owns 3,549 shares of the information technology services provider’s stock worth $1,692,000 after purchasing an additional 382 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Gartner during the 1st quarter worth approximately $715,000. Headlands Technologies LLC bought a new position in Gartner during the 1st quarter worth approximately $147,000. QRG Capital Management Inc. raised its holdings in Gartner by 8.0% during the 1st quarter. QRG Capital Management Inc. now owns 2,361 shares of the information technology services provider’s stock worth $1,125,000 after purchasing an additional 175 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Gartner by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several analyst reports. Bank of America raised their price target on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Robert W. Baird raised their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley raised their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets raised their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $539.25.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the firm’s 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 transaction, the chief executive officer now directly owns 1,143,401 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Gartner news, CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the transaction, the chief financial officer now directly owns 71,544 shares in the company, valued at approximately $34,596,532.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,899 shares of company stock worth $30,317,486. Corporate insiders own 3.60% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $550.66 on Wednesday. The company has a fifty day simple moving average of $515.17 and a 200 day simple moving average of $476.03. Gartner, Inc. has a 12-month low of $410.58 and a 12-month high of $559.00. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 2.31. The company has a market cap of $42.43 billion, a P/E ratio of 40.61, a PEG ratio of 3.42 and a beta of 1.32.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $2.56 EPS. Gartner’s revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal 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.