Gartner, Inc. (NYSE:IT) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 982.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new position in Gartner during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Gartner in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. increased its holdings in Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Gartner during the fourth quarter worth $49,000. Finally, Promus Capital LLC purchased a new position in Gartner during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on IT shares. Barclays dropped their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. UBS Group increased their target price on Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Robert W. Baird reduced their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Wells Fargo & Company reduced their target price on Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their target price on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $518.67.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 77,890 shares of the company's stock, valued at approximately $35,063,741.30. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,001 shares of company stock worth $2,736,801. Company insiders own 2.30% of the company's stock.

Gartner Price Performance

Shares of NYSE:IT traded up $1.39 during midday trading on Friday, hitting $447.88. The company had a trading volume of 407,127 shares, compared to its average volume of 455,305. Gartner, Inc. has a twelve month low of $366.05 and a twelve month high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $34.41 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The business's 50-day simple moving average is $421.17 and its 200-day simple moving average is $480.47.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. On average, research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

About Gartner

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.