First Horizon Advisors Inc. Boosts Stock Holdings in Gartner, Inc. (NYSE:IT)

First Horizon Advisors Inc. lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,236 shares of the information technology services provider’s stock after buying an additional 137 shares during the quarter. First Horizon Advisors Inc.’s holdings in Gartner were worth $558,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in Gartner in the 3rd quarter worth about $230,000. RFG Advisory LLC boosted its position in shares of Gartner by 37.2% in the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after acquiring an additional 431 shares during the period. Assenagon Asset Management S.A. grew its stake in Gartner by 169.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after acquiring an additional 23,701 shares in the last quarter. Chapin Davis Inc. bought a new stake in Gartner during the 4th quarter worth approximately $960,000. Finally, Stifel Financial Corp increased its holdings in Gartner by 32.6% during the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after acquiring an additional 8,319 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets decreased their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday. Morgan Stanley raised their price target on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Gartner Price Performance

Shares of Gartner stock opened at $428.64 on Friday. The firm has a market capitalization of $33.42 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. Gartner, Inc. has a 12 month low of $295.43 and a 12 month high of $486.54. The business’s 50-day moving average price is $462.52 and its 200-day moving average price is $440.89.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $2.88 earnings per share. Sell-side analysts forecast that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock worth $10,598,070 in the last 90 days. 3.60% of the stock is owned by company insiders.

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.