D Orazio & Associates Inc. Cuts Stock Holdings in Gartner, Inc. (NYSE:IT)

D Orazio & Associates Inc. cut its stake in shares of Gartner, Inc. (NYSE:IT) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 544 shares of the information technology services provider’s stock after selling 22 shares during the period. D Orazio & Associates Inc.’s holdings in Gartner were worth $244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IT. Frazier Financial Advisors LLC acquired a new stake in Gartner during the fourth quarter worth about $27,000. DSM Capital Partners LLC purchased a new position in Gartner in the fourth quarter valued at approximately $32,000. Central Pacific Bank Trust Division acquired a new position in Gartner during the first quarter valued at approximately $36,000. Crewe Advisors LLC grew its stake in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Finally, J.Safra Asset Management Corp increased its position in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on IT shares. UBS Group increased their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley upped their price target on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, BMO Capital Markets lifted their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average price target of $521.00.

Gartner Stock Performance

Shares of IT opened at $499.77 on Thursday. The firm has a market cap of $38.80 billion, a price-to-earnings ratio of 49.73, a PEG ratio of 3.77 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The business’s 50 day moving average is $473.65 and its two-hundred day moving average is $459.71. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $509.15.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. Analysts forecast that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP Akhil Jain sold 500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total transaction of $246,000.00. Following the transaction, the executive vice president now owns 4,339 shares of the company’s stock, valued at approximately $2,134,788. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Gartner news, EVP Akhil Jain sold 500 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the sale, the executive vice president now directly owns 4,339 shares of the company’s stock, valued at $2,134,788. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the completion of the transaction, the executive vice president now directly owns 56,650 shares of the company’s stock, valued at $28,636,008.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,498 shares of company stock worth $14,080,898. Corporate insiders own 3.60% of the company’s stock.

Gartner 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.