Blair William & Co. IL Lowers Holdings in Gartner, Inc. (NYSE:IT)

Blair William & Co. IL trimmed its position in Gartner, Inc. (NYSE:IT) by 53.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,798 shares of the information technology services provider’s stock after selling 47,751 shares during the period. Blair William & Co. IL’s holdings in Gartner were worth $18,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IT. Sustainable Growth Advisers LP acquired a new stake in Gartner in the second quarter valued at $266,541,000. First Trust Advisors LP lifted its holdings in Gartner by 830.4% in the fourth quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock valued at $231,974,000 after acquiring an additional 458,963 shares during the period. Principal Financial Group Inc. lifted its holdings in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares during the period. Wellington Management Group LLP lifted its holdings in Gartner by 12.0% in the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock valued at $835,826,000 after acquiring an additional 198,274 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Gartner by 38.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after acquiring an additional 114,610 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 1.4 %

Shares of IT stock opened at $513.42 on Friday. The firm has a 50-day moving average price of $481.90 and a 200 day moving average price of $461.86. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $517.48. The company has a market capitalization of $39.86 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 3.89 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Gartner news, EVP Yvonne Genovese sold 443 shares of Gartner stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction dated Monday, August 5th. The shares were 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 owns 19,825 shares of the company’s stock, valued at approximately $9,229,528.75. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock worth $32,601,014 in the last 90 days. 3.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IT shares. Robert W. Baird lifted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” 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. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. UBS Group lifted their price target on Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Bank of America lifted their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $521.00.

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.