Orion Portfolio Solutions LLC Acquires 1,212 Shares of Gartner, Inc. (NYSE:IT)

Orion Portfolio Solutions LLC boosted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,973 shares of the information technology services provider's stock after buying an additional 1,212 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Gartner were worth $12,149,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. National Bank of Canada FI raised its holdings in Gartner by 45.4% during the 3rd quarter. National Bank of Canada FI now owns 57,083 shares of the information technology services provider's stock worth $28,927,000 after purchasing an additional 17,837 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in Gartner by 3.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 3,977 shares of the information technology services provider's stock worth $2,015,000 after purchasing an additional 130 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Gartner during the 3rd quarter worth approximately $528,000. Insigneo Advisory Services LLC raised its holdings in Gartner by 4.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 686 shares of the information technology services provider's stock worth $348,000 after purchasing an additional 28 shares during the last quarter. Finally, Wahed Invest LLC raised its holdings in Gartner by 9.8% during the 3rd quarter. Wahed Invest LLC now owns 1,829 shares of the information technology services provider's stock worth $927,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on shares of Gartner from $490.00 to $528.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note 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, Barclays lifted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 6th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $539.25.

Gartner Stock Performance

Shares of NYSE:IT traded up $0.77 during midday trading on Friday, reaching $517.37. The company had a trading volume of 341,509 shares, compared to its average volume of 417,907. The company's 50 day moving average price is $521.52 and its 200 day moving average price is $486.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $39.91 billion, a P/E ratio of 38.15, a P/E/G ratio of 3.26 and a beta of 1.31. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT - Get Free Report) 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 analysts' consensus estimates 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 period in the previous year, the firm earned $2.56 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Claire Herkes sold 411 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at $778,732.56. This represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James C. Smith sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $524.02, for a total value of $2,620,100.00. Following the sale, the director now directly owns 509,457 shares of the company's stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,560 shares of company stock worth $37,909,141. Company insiders own 3.60% of the company's stock.

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.