Gartner, Inc. (IT) Shares Bought by Farr Miller & Washington LLC DC

Gartner, Inc. (IT) Shares Bought by Farr Miller & Washington LLC DC

Farr Miller & Washington LLC DC increased its stake in Gartner, Inc. (NYSE:IT) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 4,025 shares of the company’s stock after buying an additional 5 shares during the period. Farr Miller & Washington LLC DC’s holdings in Gartner were worth $407,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Creative Planning increased its stake in Gartner by 79.6% in the third quarter. Creative Planning now owns 1,656 shares of the company’s stock worth $147,000 after buying an additional 734 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Gartner by 200.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the company’s stock worth $159,000 after buying an additional 1,200 shares during the period. First Mercantile Trust Co. increased its stake in Gartner by 4.8% in the third quarter. First Mercantile Trust Co. now owns 1,870 shares of the company’s stock worth $165,000 after buying an additional 85 shares during the period. Advisor Group Inc. increased its stake in Gartner by 0.4% in the third quarter. Advisor Group Inc. now owns 2,048 shares of the company’s stock worth $181,000 after buying an additional 8 shares during the period. Finally, Concert Wealth Management Inc. acquired a new stake in Gartner during the second quarter worth about $213,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Gartner, Inc. (NYSE:IT) traded up 1.44% during midday trading on Thursday, hitting $100.27. The stock had a trading volume of 325,245 shares. Gartner, Inc. has a 52 week low of $79.18 and a 52 week high of $105.45. The company has a 50-day moving average price of $99.82 and a 200-day moving average price of $95.61. The stock has a market cap of $8.28 billion, a P/E ratio of 43.41 and a beta of 1.09.

Gartner (NYSE:IT) last issued its earnings results on Thursday, February 2nd. The company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by $0.01. Gartner had a negative return on equity of 408.56% and a net margin of 7.57%. The firm had revenue of $703.20 million for the quarter, compared to analyst estimates of $714.01 million. During the same period in the previous year, the company earned $0.92 earnings per share. Gartner’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts expect that Gartner, Inc. will post $3.22 EPS for the current year.

A number of analysts have recently issued reports on the stock. RBC Capital Markets upgraded shares of Gartner from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $100.00 to $113.00 in a report on Friday, January 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $108.00 target price on shares of Gartner in a research note on Sunday, January 8th. Royal Bank Of Canada raised shares of Gartner from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $100.00 to $113.00 in a research note on Friday, January 6th. Zacks Investment Research cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Macquarie cut shares of Gartner from an “outperform” rating to a “neutral” rating in a research note on Friday, January 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Gartner has an average rating of “Buy” and an average target price of $107.00.

About Gartner

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