Gartner, Inc. (NYSE:IT) Director Eileen Serra Acquires 700 Shares

Gartner, Inc. (NYSE:IT – Get Rating) Director Eileen Serra acquired 700 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was purchased at an average price of $251.99 per share, for a total transaction of $176,393.00. Following the acquisition, the director now directly owns 700 shares of the company’s stock, valued at approximately $176,393. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Gartner stock opened at $246.01 on Wednesday. The stock has a market capitalization of $20.24 billion, a P/E ratio of 25.98 and a beta of 1.50. The company has a quick ratio of 0.78, a current ratio of 0.70 and a debt-to-equity ratio of 20.79. The stock has a 50 day moving average price of $288.24 and a two-hundred day moving average price of $301.92. Gartner, Inc. has a 12-month low of $221.50 and a 12-month high of $368.99.

Gartner (NYSE:IT – Get Rating) last announced its earnings results on Tuesday, May 3rd. The information technology services provider reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.44. Gartner had a return on equity of 239.82% and a net margin of 16.39%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts anticipate that Gartner, Inc. will post 8.13 earnings per share for the current year.

Gartner announced that its board has authorized a stock repurchase plan on Tuesday, February 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC bought a new stake in shares of Gartner in the first quarter valued at approximately $27,000. Jacobi Capital Management LLC lifted its position in Gartner by 553.3% in the third quarter. Jacobi Capital Management LLC now owns 98 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 83 shares during the period. D Orazio & Associates Inc. bought a new stake in Gartner in the 3rd quarter valued at $35,000. BerganKDV Wealth Management LLC increased its holdings in Gartner by 1,350.0% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 116 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 108 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in Gartner by 588.2% in the 1st quarter. JFS Wealth Advisors LLC now owns 117 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 100 shares during the period. 92.05% of the stock is owned by institutional investors.

A number of equities analysts recently commented on the company. Bank of America upgraded Gartner from a “neutral” rating to a “buy” rating and set a $340.00 price objective on the stock in a report on Thursday, April 14th. TheStreet downgraded Gartner from a “b” rating to a “c+” rating in a report on Tuesday, May 3rd. StockNews.com assumed coverage on Gartner in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Morgan Stanley decreased their target price on Gartner from $357.00 to $339.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner has an average rating of “Buy” and a consensus price target of $346.50.

Gartner Company Profile (Get Rating)

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.

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