Oppenheimer Asset Management Inc. Sells 7,804 Shares of Gartner, Inc. (NYSE:IT)

Oppenheimer Asset Management Inc. decreased its position in Gartner, Inc. (NYSE:IT) by 16.6% during the 4th quarter, Holdings Channel reports. The firm owned 39,192 shares of the information technology services provider’s stock after selling 7,804 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Gartner were worth $18,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Baron Wealth Management LLC increased its holdings in Gartner by 4.1% in the 3rd quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after buying an additional 19 shares in the last quarter. Howard Capital Management Inc. increased its holdings in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after buying an additional 19 shares in the last quarter. Fortitude Family Office LLC increased its holdings in 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 buying an additional 20 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after buying an additional 20 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock valued at $444,000 after purchasing an additional 22 shares during the period. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $498.05 on Thursday. The company has a market cap of $38.26 billion, a P/E ratio of 31.07, a P/E/G ratio of 3.30 and a beta of 1.34. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day moving average price is $509.78 and its 200-day moving average price is $509.80. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 EPS. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IT shares. Robert W. Baird boosted their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and an average target price of $552.63.

Insider Transactions at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,479 shares of company stock valued at $734,419. 3.60% of the stock is currently owned by corporate insiders.

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.