Wilmington Savings Fund Society FSB Has $1.04 Million Stake in Gartner, Inc. (NYSE:IT)

Wilmington Savings Fund Society FSB increased its stake in Gartner, Inc. (NYSE:IT) by 21.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,147 shares of the information technology services provider’s stock after purchasing an additional 376 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Gartner were worth $1,040,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Atomi Financial Group Inc. acquired a new position in Gartner in the 3rd quarter valued at $232,000. CWM LLC grew its holdings in Gartner by 17.5% in the 3rd quarter. CWM LLC now owns 6,994 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 1,040 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Gartner by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the information technology services provider’s stock worth $304,000 after buying an additional 500 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of Gartner by 10.9% in the third quarter. Procyon Advisors LLC now owns 2,603 shares of the information technology services provider’s stock valued at $1,319,000 after acquiring an additional 256 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Gartner in the third quarter worth $324,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total value of $2,620,100.00. Following the completion of the sale, the director now directly owns 509,457 shares in the company, valued at $266,965,657.14. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock valued at $2,933,279 over the last ninety days. 3.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IT shares. Wells Fargo & Company reduced their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird raised their target price on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $552.63.

Gartner Price Performance

Shares of Gartner stock opened at $528.74 on Tuesday. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 3.50 and a beta of 1.34. The firm’s 50-day moving average price is $510.16 and its two-hundred day moving average price is $507.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $3.04 EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.