Stifel Financial Corp Purchases 5,759 Shares of Gartner, Inc. (NYSE:IT)

Stifel Financial Corp lifted its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 13.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,911 shares of the information technology services provider's stock after buying an additional 5,759 shares during the quarter. Stifel Financial Corp owned about 0.06% of Gartner worth $24,280,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sustainable Growth Advisers LP bought a new stake in Gartner during the 2nd quarter worth about $266,541,000. Principal Financial Group Inc. raised its holdings in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider's stock worth $852,014,000 after purchasing an additional 341,911 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Gartner during the 3rd quarter worth about $70,955,000. Natixis Advisors LLC raised its holdings in Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider's stock worth $89,856,000 after purchasing an additional 108,061 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gartner during the 3rd quarter worth about $36,789,000. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 0.6 %

Shares of IT traded down $2.95 on Monday, hitting $514.43. The company's stock had a trading volume of 518,181 shares, compared to its average volume of 374,797. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm's fifty day moving average price is $521.52 and its 200-day moving average price is $486.63. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The firm has a market capitalization of $39.68 billion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 3.23 and a beta of 1.31.

Gartner (NYSE:IT - Get Free Report) last released 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 return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The business's revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Gartner, Inc. will post 11.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IT shares. Morgan Stanley upped their price target on 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 upped their price target on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on Gartner from $460.00 to $470.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of "Hold" and an average price target of $539.25.

Insider Transactions at Gartner

In related news, Director James C. Smith sold 2,128 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $500.15, for a total value of $1,064,319.20. Following the sale, the director now owns 572,090 shares in the company, valued at approximately $286,130,813.50. This represents a 0.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 411 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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 in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,060 shares of company stock worth $37,663,141 in the last 90 days. Corporate insiders own 3.60% of the company's stock.

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.