Gartner, Inc. (NYSE:IT – Get Free Report) Director James C. Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $352.16, for a total transaction of $3,521,600.00. Following the completion of the transaction, the director now owns 700,473 shares in the company, valued at approximately $246,678,571.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Gartner Price Performance
NYSE:IT traded down $3.73 during trading hours on Monday, hitting $350.42. 337,310 shares of the stock were exchanged, compared to its average volume of 464,756. The company has a market cap of $27.62 billion, a P/E ratio of 30.34, a P/E/G ratio of 4.87 and a beta of 1.24. The firm’s fifty day moving average price is $347.94 and its 200 day moving average price is $332.90. Gartner, Inc. has a 52-week low of $272.58 and a 52-week high of $377.88. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 4.18.
Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.51 by $0.34. Gartner had a return on equity of 310.25% and a net margin of 16.08%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business earned $2.85 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts anticipate that Gartner, Inc. will post 10.06 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Institutional Trading of Gartner
Several large investors have recently bought and sold shares of IT. Johnson Financial Group Inc. purchased a new stake in shares of Gartner in the fourth quarter valued at about $25,000. Arlington Partners LLC raised its position in shares of Gartner by 275.0% during the 2nd quarter. Arlington Partners LLC now owns 75 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 55 shares during the period. Cornerstone Planning Group LLC purchased a new position in Gartner in the second quarter worth approximately $27,000. Resurgent Financial Advisors LLC acquired a new stake in Gartner during the fourth quarter worth $29,000. Finally, IFP Advisors Inc raised its position in Gartner by 24.7% in the first quarter. IFP Advisors Inc now owns 450 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.
Gartner Company 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.
- Five stocks we like better than Gartner
- Space Investment: How to Invest in Space Exploration
- An Electrifying New Upgrade for Tesla Leads the Market Higher
- Roth IRA Calculator: Calculate Your Potential Returns
- Oil Jumps, 2 Plastic Stocks About To Become Value Plays
- How to Invest in Pharmaceutical Companies
- The Top 5 Analysts Calls in September
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.