Yousif Capital Management LLC Acquires 879 Shares of Gartner, Inc. (NYSE:IT)

Yousif Capital Management LLC boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,785 shares of the information technology services provider’s stock after purchasing an additional 879 shares during the quarter. Yousif Capital Management LLC’s holdings in Gartner were worth $5,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of Gartner in the 3rd quarter worth $230,000. RFG Advisory LLC raised its position in shares of Gartner by 37.2% in the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after acquiring an additional 431 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Gartner by 169.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares in the last quarter. Chapin Davis Inc. acquired a new position in Gartner during the 4th quarter valued at about $960,000. Finally, Stifel Financial Corp increased its position in Gartner by 32.6% during the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock valued at $11,620,000 after buying an additional 8,319 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction that occurred on 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. In related news, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now owns 5,239 shares in the company, valued at $2,433,777.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on 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 approximately $1,352,109.92. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock worth $10,598,070 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

Gartner Stock Performance

NYSE IT opened at $446.31 on Friday. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 4.14 and a beta of 1.29. Gartner, Inc. has a twelve month low of $292.60 and a twelve month high of $486.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The stock has a 50-day moving average of $464.86 and a 200 day moving average of $437.23.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 earnings per share. Sell-side analysts anticipate that Gartner, Inc. will post 11.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IT shares. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. BMO Capital Markets upped their target price on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and upped their target price for the stock from $484.00 to $550.00 in a research note on Thursday, April 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and an average target price of $477.60.

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.