Gartner (NYSE:IT) SVP Sells $50,505.40 in Stock

Gartner, Inc. (NYSE:IT) SVP John Rinello sold 220 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares in the company, valued at $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gartner Stock Performance

IT traded down $2.43 on Friday, reaching $229.67. The company had a trading volume of 656,933 shares, compared to its average volume of 954,768. The stock has a 50-day moving average price of $240.59 and a 200-day moving average price of $302.73. The stock has a market capitalization of $16.55 billion, a PE ratio of 20.15 and a beta of 1.08. Gartner, Inc. has a 1 year low of $222.54 and a 1 year high of $584.01. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.35. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IT. Wolfe Research started coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. UBS Group set a $256.00 target price on shares of Gartner and gave the stock a “neutral” rating in a research note on Tuesday, November 25th. Weiss Ratings lowered Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wells Fargo & Company reduced their price objective on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note on Wednesday, November 5th. Finally, BMO Capital Markets lowered their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $311.67.

Institutional Investors Weigh In On Gartner

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Addison Advisors LLC purchased a new position in shares of Gartner in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd purchased a new position in Gartner in the first quarter valued at about $29,000. True Wealth Design LLC increased its holdings in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Gartner during the 2nd quarter valued at approximately $47,000. Finally, Versant Capital Management Inc boosted its stake in shares of Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 91.51% 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.