Citizens Financial Group Inc. RI Takes $354,000 Position in Gartner, Inc. (NYSE:IT)

Citizens Financial Group Inc. RI purchased a new position in Gartner, Inc. (NYSE:IT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 788 shares of the information technology services provider’s stock, valued at approximately $354,000.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Vanguard Group Inc. increased its stake in shares of Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock valued at $4,277,999,000 after buying an additional 60,786 shares during the period. Principal Financial Group Inc. lifted its position in shares of Gartner by 22.0% in 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 period. Wellington Management Group LLP boosted its position in shares of Gartner by 12.0% in the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares in the last quarter. Axiom Investors LLC DE increased its position in Gartner by 14.4% during the 4th quarter. Axiom Investors LLC DE now owns 690,171 shares of the information technology services provider’s stock valued at $311,343,000 after buying an additional 86,761 shares in the last quarter. Finally, Findlay Park Partners LLP raised its stake in Gartner by 5.7% in the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after buying an additional 36,400 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Down 0.2 %

NYSE:IT opened at $506.49 on Thursday. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company’s fifty day moving average price is $480.57 and its 200-day moving average price is $461.49. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $515.09. The firm has a market capitalization of $39.32 billion, a P/E ratio of 50.40, a PEG ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.85 EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IT. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Bank of America lifted their price objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. UBS Group raised their target price on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $521.00.

Insider Activity at Gartner

In other news, Director Anne Sutherland Fuchs sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total transaction of $252,640.00. Following the sale, the director now owns 8,059 shares of the company’s stock, valued at approximately $4,072,051.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eugene A. Hall sold 12,082 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total value of $6,099,476.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,389 shares in the company, valued at $577,228,502.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.00. Following the transaction, the director now directly owns 8,059 shares of the company’s stock, valued at $4,072,051.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,164 shares of company stock worth $32,601,014. 3.60% of the stock is owned by corporate insiders.

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.