Crossmark Global Holdings Inc. Grows Stake in Gartner, Inc. (NYSE:IT)

Crossmark Global Holdings Inc. increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 101.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,646 shares of the information technology services provider’s stock after purchasing an additional 4,361 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Gartner were worth $4,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Eastern Bank purchased a new stake in shares of Gartner in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in Gartner during the third quarter worth approximately $44,000. True Wealth Design LLC lifted its stake in Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in shares of Gartner by 23.8% in the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Finally, Asset Dedication LLC grew its position in shares of Gartner by 46.5% during the third 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on IT. 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 research report on Wednesday, November 6th. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $550.75.

Insiders Place Their Bets

In other Gartner news, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Smith sold 17,533 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the transaction, the director now owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is owned by company insiders.

Gartner Stock Up 0.0 %

IT opened at $524.80 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The stock has a market capitalization of $40.48 billion, a P/E ratio of 38.70, a P/E/G ratio of 2.87 and a beta of 1.33. The business has a 50 day simple moving average of $505.78 and a 200-day simple moving average of $499.91.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $2.56 earnings per share. Gartner’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Gartner, Inc. will post 11.87 earnings per share 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.