Fiera Capital Corp boosted its position in Gartner, Inc. (NYSE:IT - Free Report) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 231,363 shares of the information technology services provider's stock after acquiring an additional 22,750 shares during the period. Fiera Capital Corp owned about 0.30% of Gartner worth $112,088,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Gartner by 1.1% in the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock valued at $1,650,697,000 after purchasing an additional 36,258 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Gartner by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider's stock valued at $1,020,378,000 after purchasing an additional 36,698 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Gartner by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock valued at $1,014,099,000 after purchasing an additional 103,814 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after purchasing an additional 70,236 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Gartner by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider's stock valued at $422,678,000 after purchasing an additional 25,315 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
IT has been the topic of several recent research reports. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Barclays raised shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. StockNews.com raised shares of Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and an average price target of $552.63.
View Our Latest Stock Report on IT
Insider Buying and Selling at Gartner
In other Gartner news, EVP William James Wartinbee III sold 189 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company's stock, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock valued at $2,981,025 in the last ninety days. Company insiders own 3.60% of the company's stock.
Gartner Stock Performance
Shares of NYSE:IT traded down $1.83 during trading on Friday, reaching $515.34. 353,808 shares of the company's stock traded hands, compared to its average volume of 480,360. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a 50 day moving average of $510.09 and a 200-day moving average of $508.39. The stock has a market capitalization of $39.75 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34.
Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.04 EPS. On average, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.
About Gartner
(
Free Report)
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.
Further Reading
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