Verdence Capital Advisors LLC Raises Stock Holdings in Gartner, Inc. (NYSE:IT)

Verdence Capital Advisors LLC boosted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 195.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,299 shares of the information technology services provider's stock after acquiring an additional 860 shares during the period. Verdence Capital Advisors LLC's holdings in Gartner were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IT. Cary Street Partners Financial LLC bought a new position in Gartner during the 4th quarter worth $27,000. Itau Unibanco Holding S.A. increased its position in shares of Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 68 shares during the period. Olde Wealth Management LLC acquired a new stake in Gartner in the first quarter valued at about $42,000. Wayfinding Financial LLC acquired a new stake in Gartner in the first quarter valued at about $55,000. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in Gartner by 57.5% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider's stock valued at $70,000 after buying an additional 61 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Gartner Trading Down 1.7%

NYSE IT traded down $6.32 on Friday, hitting $355.09. The company's stock had a trading volume of 1,318,627 shares, compared to its average volume of 531,947. Gartner, Inc. has a 52-week low of $352.37 and a 52-week high of $584.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64. The company's 50-day simple moving average is $412.83 and its 200 day simple moving average is $447.37. The firm has a market cap of $27.33 billion, a P/E ratio of 22.10, a PEG ratio of 2.31 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 EPS. Research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on IT. The Goldman Sachs Group cut their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. UBS Group decreased their price target on Gartner from $500.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Wells Fargo & Company decreased their price target on Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a report on Friday. Finally, Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $507.56.

Insider Buying and Selling

In other Gartner news, EVP Robin B. Kranich sold 739 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the sale, the executive vice president owned 20,464 shares of the company's stock, valued at approximately $8,932,536. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig Safian sold 3,415 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the sale, the chief financial officer directly owned 77,890 shares of the company's stock, valued at $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,426 shares of company stock valued at $2,430,327 over the last ninety days. 2.30% of the stock is owned by insiders.

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.