Stifel Financial Corp Purchases 7,544 Shares of Gartner, Inc. (NYSE:IT)

Stifel Financial Corp increased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,455 shares of the information technology services provider's stock after purchasing an additional 7,544 shares during the period. Stifel Financial Corp owned approximately 0.07% of Gartner worth $26,866,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Inc. raised its holdings in Gartner by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after buying an additional 19 shares during the last quarter. Gilbert & Cook Inc. raised its stake in shares of Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after acquiring an additional 20 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock worth $400,000 after purchasing an additional 20 shares during the period. Parallel Advisors LLC grew its stake in shares of Gartner by 2.9% in the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after purchasing an additional 21 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock valued at $444,000 after purchasing an additional 22 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 0.9 %

Shares of NYSE IT traded down $3.92 during midday trading on Wednesday, hitting $416.67. The stock had a trading volume of 100,804 shares, compared to its average volume of 451,697. The business's 50 day moving average is $434.22 and its 200-day moving average is $487.62. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. 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 market cap of $32.01 billion, a P/E ratio of 26.00, a PEG ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the prior year, the firm posted $3.04 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IT shares. Wells Fargo & Company reduced their target price on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 9th. Robert W. Baird cut their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, UBS Group decreased their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $513.63.

Insider Buying and Selling at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% 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.