Stifel Financial Corp Purchases 7,544 Shares of Gartner, Inc. (NYSE:IT)

Stifel Financial Corp boosted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,455 shares of the information technology services provider's stock after purchasing an additional 7,544 shares during the quarter. Stifel Financial Corp owned about 0.07% of Gartner worth $26,866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Gartner in the 4th quarter worth $460,541,000. Madison Investment Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $244,799,000. Raymond James Financial Inc. bought a new stake in shares of Gartner during the 4th quarter worth $165,476,000. FMR LLC boosted its holdings in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after buying an additional 223,087 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new position in Gartner during the fourth quarter valued at about $97,518,000. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other news, SVP John J. Rinello sold 90 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Gartner Price Performance

IT traded down $1.48 during midday trading on Friday, hitting $416.37. The stock had a trading volume of 714,574 shares, compared to its average volume of 453,869. The company has a market cap of $31.98 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The business has a fifty day moving average of $437.85 and a 200 day moving average of $488.82. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same period last year, the firm earned $3.04 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Robert W. Baird decreased their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company cut their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. Finally, StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus target price of $513.63.

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.