EverSource Wealth Advisors LLC Purchases 28 Shares of Gartner, Inc. (NYSE:IT)

EverSource Wealth Advisors LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 424 shares of the information technology services provider’s stock after purchasing an additional 28 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Gartner were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in IT. Kestra Investment Management LLC bought a new stake in Gartner in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new stake in Gartner in the fourth quarter worth $49,000. True Wealth Design LLC boosted its holdings in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares in the last quarter. Promus Capital LLC bought a new stake in Gartner in the fourth quarter worth $57,000. Finally, Global Retirement Partners LLC boosted its holdings in Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 34 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Up 1.2 %

Gartner stock opened at $457.45 on Monday. The stock has a market cap of $35.14 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The stock has a fifty day moving average of $507.51 and a 200 day moving average of $509.64.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the company posted $3.04 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IT has been the topic of several analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Morgan Stanley decreased their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $552.63.

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.