Ethos Financial Group LLC Invests $332,000 in Gartner, Inc. (NYSE:IT)

Ethos Financial Group LLC purchased a new stake in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 736 shares of the information technology services provider’s stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IT. BSW Wealth Partners boosted its position in shares of Gartner by 3.7% in the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock worth $278,000 after buying an additional 22 shares during the period. Allworth Financial LP boosted its position in Gartner by 2.8% during the 4th quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock worth $364,000 after acquiring an additional 22 shares during the period. AdvisorNet Financial Inc grew its stake in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Gartner by 36.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 25 shares during the period. Finally, Kolinsky Wealth Management LLC lifted its position in shares of Gartner by 3.9% in the third quarter. Kolinsky Wealth Management LLC now owns 720 shares of the information technology services provider’s stock worth $247,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on IT. UBS Group lowered their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird reduced their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Morgan Stanley upped their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, BMO Capital Markets cut their price target on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $474.50.

Gartner Stock Up 0.6 %

NYSE:IT traded up $2.48 during trading hours on Thursday, reaching $436.75. The company’s stock had a trading volume of 355,621 shares, compared to its average volume of 407,849. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $34.05 billion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a one year low of $302.74 and a one year high of $486.54. The business’s 50-day moving average is $460.34 and its 200-day moving average is $442.64.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 EPS. Equities research analysts predict that Gartner, Inc. will post 11.55 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Gartner news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.