Gartner, Inc. (NYSE:IT) EVP Yvonne Genovese Sells 439 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at $893,558.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Yvonne Genovese also recently made the following trade(s):

• On Friday, February 23rd, Yvonne Genovese sold 560 shares of Gartner stock. The stock was sold at an average price of $457.37, for a total transaction of $256,127.20.

Gartner Trading Up 0.5 %

Shares of IT stock opened at $451.66 on Thursday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $35.06 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 3.93 and a beta of 1.32. The company has a 50 day moving average price of $456.15 and a 200 day moving average price of $450.13. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $2.88 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on IT. Robert W. Baird dropped their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Morgan Stanley lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. BMO Capital Markets dropped their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $474.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in Gartner during the 4th quarter worth approximately $26,000. MCF Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $27,000. VisionPoint Advisory Group LLC lifted its position in shares of Gartner by 254.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after buying an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of Gartner by 357.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after buying an additional 68 shares during 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.