YorkBridge Wealth Partners LLC Sells 1,541 Shares of Gartner Inc (NYSE:IT)

YorkBridge Wealth Partners LLC cut its holdings in Gartner Inc (NYSE:IT) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,868 shares of the information technology services provider’s stock after selling 1,541 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Gartner were worth $1,134,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Gartner by 34.2% in the third quarter. Russell Investments Group Ltd. now owns 17,280 shares of the information technology services provider’s stock valued at $2,741,000 after buying an additional 4,402 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Gartner by 98.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,014 shares of the information technology services provider’s stock worth $636,000 after purchasing an additional 1,993 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Gartner by 21.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,660 shares of the information technology services provider’s stock worth $580,000 after purchasing an additional 654 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Gartner by 19.6% during the 3rd quarter. MML Investors Services LLC now owns 5,180 shares of the information technology services provider’s stock valued at $821,000 after buying an additional 849 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Gartner by 217.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,608 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 1,101 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

Gartner stock traded up $0.55 during midday trading on Monday, reaching $159.93. 280,581 shares of the stock traded hands, compared to its average volume of 546,566. Gartner Inc has a 12-month low of $115.38 and a 12-month high of $161.21. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 42.20, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.69 and a quick ratio of 0.69.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Gartner had a net margin of 3.08% and a return on equity of 37.74%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share. Equities research analysts anticipate that Gartner Inc will post 3.97 earnings per share for the current year.

In other Gartner news, EVP Alwyn Dawkins sold 1,909 shares of Gartner stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $142.01, for a total transaction of $271,097.09. Following the transaction, the executive vice president now owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig Safian sold 3,635 shares of Gartner stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $140.64, for a total value of $511,226.40. Following the transaction, the chief financial officer now directly owns 33,008 shares in the company, valued at approximately $4,642,245.12. The disclosure for this sale can be found here. Insiders have sold a total of 113,234 shares of company stock worth $16,211,414 in the last three months. Corporate insiders own 4.00% of the company’s stock.

IT has been the topic of a number of recent analyst reports. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Robert W. Baird reissued a “buy” rating and issued a $156.00 price objective on shares of Gartner in a research note on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and issued a $150.00 target price on shares of Gartner in a research note on Wednesday, February 6th. Morgan Stanley cut their target price on Gartner from $144.00 to $134.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $141.00 target price on shares of Gartner in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $143.29.

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About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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