Fiera Capital Corp Sells 48,121 Shares of Gartner, Inc. (NYSE:IT)

Fiera Capital Corp lessened its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,613 shares of the information technology services provider's stock after selling 48,121 shares during the quarter. Fiera Capital Corp owned about 0.27% of Gartner worth $105,717,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Gartner by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider's stock worth $4,277,999,000 after acquiring an additional 60,786 shares during the last quarter. Principal Financial Group Inc. increased its stake in Gartner by 5.5% during the third 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 acquiring an additional 103,814 shares during the period. Bessemer Group Inc. raised its holdings in Gartner by 1.3% in the 1st quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider's stock valued at $290,742,000 after acquiring an additional 7,852 shares in the last quarter. Sustainable Growth Advisers LP acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $266,541,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gartner by 10.8% in the second quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider's stock valued at $262,706,000 after purchasing an additional 56,908 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Activity at Gartner

In related news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the completion of the transaction, the director now owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now owns 554,274 shares in the company, valued at approximately $296,957,838.24. This trade represents a 0.00 % 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, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,899 shares of company stock valued at $30,317,486. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Up 1.3 %

NYSE IT traded up $7.00 on Friday, reaching $547.75. The company had a trading volume of 519,560 shares, compared to its average volume of 369,009. The company's fifty day moving average is $511.54 and its 200-day moving average is $473.53. Gartner, Inc. has a 1-year low of $397.43 and a 1-year high of $552.33. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 3.14 and a beta of 1.32. 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 - Get Free Report) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IT shares. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. UBS Group raised their price target on Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Morgan Stanley boosted their target price on Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an "underweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $539.25.

About Gartner

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.