Elwood & Goetz Wealth Advisory Group LLC Has $751,000 Stock Position in Gartner, Inc. (NYSE:IT)

Elwood & Goetz Wealth Advisory Group LLC cut its stake in shares of Gartner, Inc. (NYSE:IT) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,551 shares of the information technology services provider’s stock after selling 163 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Gartner were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Howard Capital Management Inc. grew its stake in shares of Gartner by 4.4% during the fourth quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock worth $219,000 after purchasing an additional 19 shares during the period. Lansing Street Advisors acquired a new stake in shares of Gartner during the fourth quarter worth $222,000. TCW Group Inc. grew its stake in shares of Gartner by 6.3% during the fourth quarter. TCW Group Inc. now owns 219,742 shares of the information technology services provider’s stock worth $106,458,000 after purchasing an additional 12,956 shares during the period. Fisher Funds Management LTD acquired a new stake in shares of Gartner during the fourth quarter worth $97,518,000. Finally, Olympiad Research LP acquired a new stake in shares of Gartner during the fourth quarter worth $390,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the transaction, the director now owns 509,457 shares of the company’s stock, valued at $266,965,657.14. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,690 shares of company stock valued at $2,981,025 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Gartner Stock Performance

Shares of Gartner stock opened at $487.44 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $509.42 and its 200-day moving average is $509.30. The firm has a market cap of $37.44 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 earnings per share. Equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IT shares. Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $552.63.

About Gartner

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.