Gartner Inc (NYSE:IT) EVP Robin B. Kranich sold 8,496 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $143.00, for a total transaction of $1,214,928.00. Following the completion of the transaction, the executive vice president now owns 11,989 shares of the company’s stock, valued at $1,714,427. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NYSE:IT opened at $144.13 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $13.00 billion, a PE ratio of 38.03, a P/E/G ratio of 2.51 and a beta of 1.31. Gartner Inc has a one year low of $114.40 and a one year high of $161.21.
Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.05). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. Sell-side analysts expect that Gartner Inc will post 3.97 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Signet Investment Advisory Group Inc. purchased a new stake in shares of Gartner in the 4th quarter worth $38,000. Sontag Advisory LLC purchased a new stake in shares of Gartner in the 4th quarter worth $47,000. Claybrook Capital LLC purchased a new stake in shares of Gartner in the 4th quarter worth $51,000. Exane Asset Management purchased a new stake in shares of Gartner in the 4th quarter worth $78,000. Finally, Whittier Trust Co. increased its stake in shares of Gartner by 142.3% in the 4th quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.
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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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