Jefferies Financial Group Inc. Has $5.26 Million Holdings in Gartner, Inc. (NYSE:IT)

Jefferies Financial Group Inc. raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 982.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,851 shares of the information technology services provider's stock after acquiring an additional 9,849 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Gartner were worth $5,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Ascent Group LLC lifted its stake in shares of Gartner by 4.7% in the fourth quarter. Ascent Group LLC now owns 929 shares of the information technology services provider's stock worth $450,000 after buying an additional 42 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Gartner in the fourth quarter worth $4,929,000. GTS Securities LLC lifted its stake in shares of Gartner by 48.7% in the fourth quarter. GTS Securities LLC now owns 2,309 shares of the information technology services provider's stock worth $1,119,000 after buying an additional 756 shares during the last quarter. Vise Technologies Inc. lifted its stake in shares of Gartner by 65.7% in the fourth quarter. Vise Technologies Inc. now owns 2,186 shares of the information technology services provider's stock worth $1,059,000 after buying an additional 867 shares during the last quarter. Finally, Connecticut Wealth Management LLC lifted its stake in shares of Gartner by 0.6% in the fourth quarter. Connecticut Wealth Management LLC now owns 4,604 shares of the information technology services provider's stock worth $2,230,000 after buying an additional 26 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In other Gartner news, SVP John J. Rinello sold 109 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the sale, the senior vice president now owns 3,280 shares of the company's stock, valued at $1,431,228. This represents a 3.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 625 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $450.00, for a total transaction of $281,250.00. Following the sale, the executive vice president now directly owns 6,548 shares in the company, valued at approximately $2,946,600. This represents a 8.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,426 shares of company stock valued at $2,430,327. 2.30% of the stock is owned by insiders.

Gartner Stock Performance

Gartner stock traded up $0.98 on Friday, hitting $436.55. The company's stock had a trading volume of 2,049,055 shares, compared to its average volume of 465,241. The firm has a market cap of $33.60 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average price of $420.60 and a 200-day moving average price of $474.09. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $2.93 EPS. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IT shares. Wells Fargo & Company reduced their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. UBS Group boosted their price objective on shares of Gartner from $500.00 to $525.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group cut their target price on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $518.67.

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.