EverSource Wealth Advisors LLC Boosts Position in Gartner, Inc. (NYSE:IT)

EverSource Wealth Advisors LLC increased its position in shares of Gartner, Inc. (NYSE:IT) by 39.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383 shares of the information technology services provider’s stock after acquiring an additional 108 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Gartner were worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Gilbert & Cook Inc. increased its stake in Gartner by 10.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,430 shares of the information technology services provider’s stock worth $645,000 after acquiring an additional 137 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Gartner by 19.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,068 shares of the information technology services provider’s stock valued at $482,000 after buying an additional 175 shares during the period. US Bancorp DE raised its holdings in Gartner by 5.4% in the 4th quarter. US Bancorp DE now owns 5,090 shares of the information technology services provider’s stock valued at $2,296,000 after buying an additional 260 shares during the period. TD Asset Management Inc lifted its position in Gartner by 4.8% in the fourth quarter. TD Asset Management Inc now owns 53,059 shares of the information technology services provider’s stock valued at $23,935,000 after buying an additional 2,419 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in Gartner by 13.6% during the fourth quarter. Stifel Financial Corp now owns 38,424 shares of the information technology services provider’s stock worth $17,334,000 after buying an additional 4,607 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Up 0.0 %

Shares of NYSE IT opened at $511.08 on Thursday. The stock has a market cap of $39.68 billion, a P/E ratio of 50.85, a PEG ratio of 3.21 and a beta of 1.32. The business’s fifty day simple moving average is $486.21 and its 200-day simple moving average is $463.12. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $517.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business posted $2.85 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IT. BMO Capital Markets boosted their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Morgan Stanley lifted their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Bank of America boosted their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One equities research 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 data from MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $521.00.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Gartner news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now directly owns 1,905 shares in the company, valued at approximately $963,949.05. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

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.