Weaver Capital Management LLC Acquires 363 Shares of Gartner, Inc. (NYSE:IT)

Weaver Capital Management LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 25.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,802 shares of the information technology services provider’s stock after acquiring an additional 363 shares during the quarter. Weaver Capital Management LLC’s holdings in Gartner were worth $873,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Gartner in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Gartner in the 3rd quarter worth approximately $44,000. True Wealth Design LLC lifted its holdings in shares of Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the last quarter. Finally, Asset Dedication LLC lifted its holdings in shares of Gartner by 46.5% in the 3rd quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after acquiring an additional 47 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,583 shares of company stock valued at $13,884,374 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $525.00 to $600.00 in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $550.75.

Gartner Stock Performance

Shares of IT stock opened at $546.38 on Wednesday. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The company’s 50-day moving average is $508.97 and its 200 day moving average is $505.61. The company has a market capitalization of $42.14 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 EPS. Sell-side analysts expect that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

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.