OLD Mission Capital LLC Invests $1.73 Million in Gartner, Inc. (NYSE:IT)

OLD Mission Capital LLC bought a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,575 shares of the information technology services provider's stock, valued at approximately $1,732,000.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Gartner during the 4th quarter valued at $460,541,000. Madison Investment Advisors LLC purchased a new stake in shares of Gartner during the fourth quarter valued at $244,799,000. Raymond James Financial Inc. purchased a new stake in shares of Gartner during the fourth quarter valued at $165,476,000. Fisher Funds Management LTD bought a new position in shares of Gartner in the fourth quarter worth about $97,518,000. Finally, Proficio Capital Partners LLC bought a new stake in Gartner during the 4th quarter valued at about $95,762,000. Institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on IT shares. Barclays dropped their target price on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research note on Friday. Morgan Stanley dropped their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. UBS Group dropped their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company cut their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of "Hold" and an average price target of $525.38.

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Gartner Stock Down 0.9 %

Shares of NYSE:IT traded down $3.42 on Monday, reaching $379.82. The company had a trading volume of 412,704 shares, compared to its average volume of 436,259. The firm has a market capitalization of $29.18 billion, a PE ratio of 23.55, a PEG ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52-week low of $297.73 and a 52-week high of $584.01. The firm's 50 day simple moving average is $482.71 and its 200-day simple moving average is $502.12.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping 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 116.56%. The firm's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 earnings per share. As a group, analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.