3,575 Shares in Gartner, Inc. (NYSE:IT) Acquired by OLD Mission Capital LLC

OLD Mission Capital LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,575 shares of the information technology services provider’s stock, valued at approximately $1,732,000.

Several other hedge funds also recently bought and sold shares of IT. Czech National Bank lifted its holdings in shares of Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Gartner in the fourth quarter valued at about $366,000. D.A. Davidson & CO. boosted its position in shares of Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after buying an additional 29 shares during the period. Conestoga Capital Advisors LLC grew its holdings in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after buying an additional 480 shares in the last quarter. Finally, Barclays PLC raised its position in Gartner by 8.6% in the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after buying an additional 13,205 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IT has been the subject of several recent research reports. UBS Group reduced their target price on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $536.63.

Gartner Trading Up 2.4 %

Shares of Gartner stock opened at $423.83 on Thursday. Gartner, Inc. has a 1 year low of $409.00 and a 1 year high of $584.01. The company has a market capitalization of $32.56 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.30 and a beta of 1.29. The business has a fifty day simple moving average of $488.00 and a two-hundred day simple moving average of $503.76. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company posted $3.04 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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.