ORG Wealth Partners LLC Decreases Position in Gartner, Inc. (NYSE:IT)

ORG Wealth Partners LLC lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 20.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 510 shares of the information technology services provider’s stock after selling 129 shares during the quarter. ORG Wealth Partners LLC’s holdings in Gartner were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sustainable Growth Advisers LP bought a new stake in shares of Gartner during the second quarter worth $266,541,000. Point72 Asset Management L.P. purchased a new position in shares of Gartner during the third quarter worth approximately $70,955,000. Principal Financial Group Inc. raised its stake in shares of Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after acquiring an additional 103,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Gartner in the third quarter worth approximately $36,789,000. Finally, JPMorgan Chase & Co. increased its holdings in Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after purchasing an additional 70,236 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $525.00 to $600.00 in a research report on Friday. Morgan Stanley increased their target price on shares of Gartner from $560.00 to $564.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted 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. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $551.88.

Insider Activity at Gartner

In other news, Director James C. Smith sold 2,450 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the sale, the director now owns 529,844 shares of the company’s stock, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction on Friday, December 6th. The shares were 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 of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock worth $19,241,974 over the last three months. Company insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT traded down $11.84 during mid-day trading on Friday, hitting $483.60. The stock had a trading volume of 150,069 shares, compared to its average volume of 358,309. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average of $510.05 and a two-hundred day moving average of $495.69. The firm has a market cap of $37.30 billion, a PE ratio of 35.66, a PEG ratio of 3.18 and a beta of 1.33. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $2.56 EPS. Gartner’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that Gartner, Inc. will post 11.87 EPS for the current fiscal year.

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.