Meiji Yasuda Asset Management Co Ltd. Boosts Stock Position in Gartner, Inc. (NYSE:IT)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 14.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,510 shares of the information technology services provider’s stock after buying an additional 196 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Gartner were worth $678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in shares of Gartner in the 4th quarter valued at $27,000. DSM Capital Partners LLC purchased a new position in shares of Gartner during the fourth quarter worth about $32,000. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner during the first quarter worth about $36,000. Crewe Advisors LLC lifted its holdings in shares of Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in shares of Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 0.0 %

IT opened at $513.59 on Friday. The business has a 50 day simple moving average of $483.06 and a 200-day simple moving average of $462.16. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $517.48. The stock has a market capitalization of $39.87 billion, a P/E ratio of 51.10, a P/E/G ratio of 3.89 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

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

Analyst Upgrades and Downgrades

IT has been the topic of several research analyst reports. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets upped their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Bank of America raised their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price objective on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $521.00.

Insider Transactions at Gartner

In other news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $505.49, for a total value of $505,490.00. Following the sale, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $2,346,915. The disclosure for this sale can be found here. Insiders have sold 65,164 shares of company stock valued at $32,601,014 in the last quarter. 3.60% of the stock is currently owned by corporate 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.