Bessemer Group Inc. Sells 5,816 Shares of Gartner, Inc. (NYSE:IT)

Bessemer Group Inc. lessened its position in Gartner, Inc. (NYSE:IT - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 752,212 shares of the information technology services provider's stock after selling 5,816 shares during the quarter. Bessemer Group Inc. owned approximately 0.98% of Gartner worth $364,425,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of Gartner in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in Gartner during the fourth quarter valued at approximately $49,000. Promus Capital LLC acquired a new position in Gartner in the 4th quarter valued at approximately $57,000. Hurley Capital LLC purchased a new stake in Gartner in the 4th quarter worth approximately $73,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity at Gartner

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

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Wall Street Analysts Forecast Growth

IT has been the subject of several recent research reports. Robert W. Baird cut their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays decreased their target price on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, UBS Group decreased their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $518.00.

Gartner Stock Performance

Shares of Gartner stock traded up $7.24 during trading on Monday, reaching $407.12. The company's stock had a trading volume of 200,435 shares, compared to its average volume of 449,047. Gartner, Inc. has a one year low of $366.05 and a one year high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $31.27 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The business's fifty day moving average price is $461.38 and its 200-day moving average price is $496.20.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the business posted $3.04 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.