407 Shares in Gartner, Inc. (NYSE:IT) Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC bought a new position in Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 407 shares of the information technology services provider’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Sustainable Growth Advisers LP acquired a new stake in Gartner in the 2nd quarter worth approximately $266,541,000. Principal Financial Group Inc. increased its position in Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock worth $852,014,000 after buying an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD increased its position in Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock worth $197,608,000 after buying an additional 114,610 shares during the period. Natixis Advisors LLC increased its position in Gartner by 117.4% in the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the period. Finally, Norden Group LLC increased its position in Gartner by 2,573.7% in the 1st quarter. Norden Group LLC now owns 71,360 shares of the information technology services provider’s stock worth $34,010,000 after buying an additional 68,691 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of NYSE:IT opened at $513.36 on Friday. The business’s fifty day moving average price is $505.35 and its two-hundred day moving average price is $469.93. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $535.29. The stock has a market capitalization of $39.85 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The trade was a 0.00 % 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 hyperlink. In other Gartner news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The trade was a 0.00 % 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 hyperlink. Also, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now directly owns 56,650 shares in the company, valued at approximately $28,636,008.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock worth $32,601,014 over the last three months. Company insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IT shares. Wells Fargo & Company lifted their price target on Gartner from $435.00 to $460.00 and gave the stock an “underweight” rating in a research report on Monday, October 14th. Robert W. Baird boosted their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $532.86.

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.