Alliance Wealth Advisors LLC UT Buys 163 Shares of Gartner, Inc. (NYSE:IT)

Alliance Wealth Advisors LLC UT lifted its holdings in shares of Gartner, Inc. (NYSE:ITFree Report) by 3.9% during the 3rd quarter, Holdings Channel reports. The firm owned 4,321 shares of the information technology services provider’s stock after purchasing an additional 163 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Gartner were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in IT. OFI Invest Asset Management acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $27,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $29,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $32,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in shares of Gartner during the 1st quarter worth approximately $39,000. 90.28% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In other news, Director Richard J. Bressler sold 6,413 shares of Gartner stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $418.97, for a total transaction of $2,686,854.61. Following the transaction, the director now owns 11,871 shares in the company, valued at $4,973,592.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Robin B. Kranich sold 1,444 shares of Gartner stock in a transaction on Friday, December 15th. The shares were sold at an average price of $455.29, for a total transaction of $657,438.76. Following the completion of the transaction, the executive vice president now owns 13,244 shares of the company’s stock, valued at $6,029,860.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard J. Bressler sold 6,413 shares of Gartner stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $418.97, for a total transaction of $2,686,854.61. Following the transaction, the director now directly owns 11,871 shares of the company’s stock, valued at approximately $4,973,592.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,369 shares of company stock worth $6,324,321. Company insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IT shares. BMO Capital Markets increased their price target on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group increased their price target on shares of Gartner from $412.00 to $490.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Morgan Stanley increased their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Wells Fargo & Company increased their price target on shares of Gartner from $380.00 to $435.00 and gave the stock an “overweight” rating in a research report on Friday, December 15th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus target price of $455.25.

Read Our Latest Stock Analysis on Gartner

Gartner Stock Performance

Shares of Gartner stock opened at $460.10 on Monday. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $471.76. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $35.86 billion, a P/E ratio of 41.91, a P/E/G ratio of 4.21 and a beta of 1.30. The company’s 50 day moving average price is $451.75 and its two-hundred day moving average price is $393.66.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 166.35%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business posted $3.70 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Gartner, Inc. will post 11.42 earnings per share for the current fiscal year.

Gartner declared that its Board of Directors has authorized a share repurchase program on Friday, November 3rd that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to buy up to 1.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

About Gartner

(Free Report)

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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