Jump Financial LLC Acquires 669 Shares of Gartner, Inc. (NYSE:IT)

Jump Financial LLC grew its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 86.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,446 shares of the information technology services provider's stock after buying an additional 669 shares during the quarter. Jump Financial LLC's holdings in Gartner were worth $701,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Howard Capital Management Inc. increased its stake in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock worth $219,000 after purchasing an additional 19 shares during the period. Gilbert & Cook Inc. increased its stake in shares of Gartner by 1.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock worth $661,000 after buying an additional 20 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Gartner by 2.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after buying an additional 20 shares during the last quarter. Parallel Advisors LLC boosted its position in Gartner by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock valued at $357,000 after buying an additional 21 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Gartner by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after acquiring an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

A number of analysts have recently weighed in on IT shares. Wells Fargo & Company dropped their target price on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. UBS Group cut their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of "Hold" and an average target price of $513.63.

Gartner Price Performance

IT opened at $401.30 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $30.83 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The stock has a fifty day simple moving average of $443.89 and a two-hundred day simple moving average of $491.12. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business earned $3.04 EPS. Gartner's quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.

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