Gartner (IT) CFO Sells $474,904.08 in Stock

Gartner (NYSE:IT) CFO Craig Safian sold 3,528 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $134.61, for a total transaction of $474,904.08. Following the completion of the transaction, the chief financial officer now owns 25,189 shares of the company’s stock, valued at $3,390,691.29. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

NYSE:IT opened at $133.23 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.73 and a current ratio of 0.73. Gartner has a 52 week low of $134.18 and a 52 week high of $135.41. The firm has a market capitalization of $12.33 billion, a PE ratio of 40.25, a PEG ratio of 2.34 and a beta of 1.13.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 8th. The information technology services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.14. Gartner had a negative net margin of 1.45% and a positive return on equity of 33.99%. The company had revenue of $964.00 million for the quarter, compared to analyst estimates of $921.22 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 54.2% on a year-over-year basis. equities research analysts forecast that Gartner will post 3.75 earnings per share for the current year.

Several large investors have recently bought and sold shares of IT. Pin Oak Investment Advisors Inc. bought a new stake in shares of Gartner in the 4th quarter valued at $145,000. Tower Research Capital LLC TRC boosted its stake in shares of Gartner by 552.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock valued at $182,000 after purchasing an additional 1,249 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Gartner by 533.2% in the 4th quarter. Advisory Services Network LLC now owns 1,507 shares of the information technology services provider’s stock valued at $186,000 after purchasing an additional 1,269 shares during the last quarter. Lourd Capital LLC bought a new stake in shares of Gartner in the 4th quarter valued at $204,000. Finally, Allianz Asset Management GmbH bought a new stake in shares of Gartner in the 1st quarter valued at $207,000. 97.00% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on IT. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Morgan Stanley decreased their price target on shares of Gartner from $131.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. TheStreet upgraded shares of Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $139.00 price target on shares of Gartner in a research report on Monday, April 9th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $141.40.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Insider Buying and Selling by Quarter for Gartner (NYSE:IT)

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