Clarius Group LLC Buys New Shares in Gartner, Inc. (NYSE:IT)

Clarius Group LLC purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, Holdings Channel reports. The fund purchased 509 shares of the information technology services provider’s stock, valued at approximately $230,000.

A number of other hedge funds have also recently bought and sold shares of IT. OFI Invest Asset Management acquired a new stake in shares of Gartner in the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new position in shares of Gartner in the 4th quarter valued at about $26,000. Cornerstone Planning Group LLC bought a new position in shares of Gartner in the 2nd quarter valued at about $27,000. VisionPoint Advisory Group LLC increased its stake in shares of Gartner by 254.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Gartner in the 4th quarter valued at about $29,000. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Gartner news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James C. Smith sold 10,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $459.68, for a total transaction of $4,596,800.00. Following the completion of the transaction, the director now directly owns 623,235 shares of the company’s stock, valued at approximately $286,488,664.80. The disclosure for this sale can be found here. In the last three months, insiders sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IT shares. BMO Capital Markets boosted their price target on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Morgan Stanley lifted their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and upped their price target for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $470.25.

Gartner Price Performance

NYSE:IT opened at $463.68 on Tuesday. Gartner, Inc. has a 52 week low of $292.60 and a 52 week high of $486.54. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day simple moving average is $465.74 and its 200 day simple moving average is $432.79. The firm has a market cap of $36.15 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 4.25 and a beta of 1.29.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.70 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 11.36 earnings per share for the current year.

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.