JFG Wealth Management LLC Purchases New Position in Gartner, Inc. (NYSE:IT)

JFG Wealth Management LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 665 shares of the information technology services provider’s stock, valued at approximately $322,000.

Other large investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC raised its holdings in shares of Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 19 shares in the last quarter. Howard Capital Management Inc. increased its holdings in Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after buying an additional 19 shares during the period. Fortitude Family Office LLC raised its stake in Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after buying an additional 20 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $503.01 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day moving average price is $509.46 and its 200-day moving average price is $509.89. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01. The firm has a market capitalization of $38.64 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating 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 business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $3.04 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IT shares. Wells Fargo & Company reduced their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $552.63.

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.