Cambridge Investment Research Advisors Inc. Raises Stock Position in Gartner, Inc. (NYSE:IT)

Cambridge Investment Research Advisors Inc. grew its holdings in Gartner, Inc. (NYSE:IT – Get Rating) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,689 shares of the information technology services provider’s stock after purchasing an additional 209 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Gartner were worth $904,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Moors & Cabot Inc. raised its holdings in shares of Gartner by 4.1% during the 4th quarter. Moors & Cabot Inc. now owns 768 shares of the information technology services provider’s stock valued at $257,000 after buying an additional 30 shares during the period. Diversified Trust Co increased its stake in Gartner by 1.8% during the 4th quarter. Diversified Trust Co now owns 1,913 shares of the information technology services provider’s stock worth $643,000 after buying an additional 34 shares during the period. CVA Family Office LLC increased its stake in Gartner by 24.1% during the 3rd quarter. CVA Family Office LLC now owns 180 shares of the information technology services provider’s stock worth $50,000 after buying an additional 35 shares during the period. Commonwealth Equity Services LLC increased its stake in Gartner by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,634 shares of the information technology services provider’s stock worth $1,282,000 after buying an additional 35 shares during the period. Finally, CWM LLC increased its stake in Gartner by 1.7% during the 4th quarter. CWM LLC now owns 2,128 shares of the information technology services provider’s stock worth $715,000 after buying an additional 36 shares during the period. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $330.77 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. Gartner, Inc. has a twelve month low of $221.39 and a twelve month high of $358.25. The business has a 50 day simple moving average of $311.69 and a 200-day simple moving average of $328.40. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 4.38 and a beta of 1.28.

Gartner (NYSE:IT – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The information technology services provider reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.84. Gartner had a net margin of 16.56% and a return on equity of 772.55%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts expect that Gartner, Inc. will post 10.05 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Gartner from $387.00 to $380.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. StockNews.com assumed coverage on Gartner in a report on Thursday. They set a “buy” rating on the stock. BMO Capital Markets dropped their price objective on Gartner from $357.00 to $337.00 and set a “market perform” rating on the stock in a report on Friday, April 21st. Finally, Morgan Stanley boosted their target price on shares of Gartner from $358.00 to $366.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $357.86.

Insider Buying and Selling

In related news, CFO Craig Safian sold 4,510 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $341.53, for a total transaction of $1,540,300.30. Following the completion of the transaction, the chief financial officer now directly owns 64,282 shares in the company, valued at approximately $21,954,231.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Craig Safian sold 4,510 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $341.53, for a total value of $1,540,300.30. Following the completion of the transaction, the chief financial officer now owns 64,282 shares of the company’s stock, valued at $21,954,231.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Yvonne Genovese sold 874 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $334.18, for a total value of $292,073.32. Following the completion of the transaction, the executive vice president now directly owns 2,568 shares of the company’s stock, valued at approximately $858,174.24. The disclosure for this sale can be found here. Insiders sold a total of 11,058 shares of company stock worth $3,614,028 in the last three months. 3.90% of the stock is owned by insiders.

Gartner Company Profile

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm?s research experts, peer networking services, and membership programs.