Aurora Investment Managers LLC. Sells 243 Shares of Gartner, Inc. (NYSE:IT)

Aurora Investment Managers LLC. decreased its position in shares of Gartner, Inc. (NYSE:IT) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,629 shares of the information technology services provider’s stock after selling 243 shares during the quarter. Gartner accounts for approximately 1.4% of Aurora Investment Managers LLC.’s investment portfolio, making the stock its 25th largest position. Aurora Investment Managers LLC.’s holdings in Gartner were worth $2,346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighPoint Advisor Group LLC acquired a new position in Gartner during the fourth quarter worth about $569,000. Nomura Holdings Inc. acquired a new position in Gartner during the fourth quarter worth about $706,000. GAMMA Investing LLC raised its stake in Gartner by 44.6% during the first quarter. GAMMA Investing LLC now owns 405 shares of the information technology services provider’s stock worth $193,000 after acquiring an additional 125 shares in the last quarter. Czech National Bank raised its stake in Gartner by 0.5% during the first quarter. Czech National Bank now owns 13,715 shares of the information technology services provider’s stock worth $6,538,000 after acquiring an additional 62 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in Gartner by 2.0% during the first quarter. Wedmont Private Capital now owns 1,630 shares of the information technology services provider’s stock worth $766,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the transaction, the director now directly owns 19,825 shares in the company, valued at $9,229,528.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Karen E. Dykstra sold 1,683 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the sale, the director now directly owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 443 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock worth $32,601,014 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Gartner Trading Up 0.3 %

Shares of Gartner stock traded up $1.74 on Friday, reaching $534.01. 25,537 shares of the company’s stock were exchanged, compared to its average volume of 371,629. The company has a market capitalization of $41.46 billion, a P/E ratio of 52.98, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $535.29. The firm’s 50-day moving average is $500.22 and its two-hundred day moving average is $467.76. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.90 and a current ratio of 0.90.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.85 EPS. Sell-side analysts predict that Gartner, Inc. will post 11.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of several recent research reports. UBS Group upped their price objective on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. 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. Bank of America upped their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $532.86.

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.