WCM Investment Management LLC Has $13 Million Stock Position in Gartner, Inc. (NYSE:IT)

WCM Investment Management LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,768 shares of the information technology services provider's stock after purchasing an additional 5,493 shares during the period. WCM Investment Management LLC's holdings in Gartner were worth $12,995,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider's stock worth $1,650,697,000 after acquiring an additional 36,258 shares during the last quarter. Geode Capital Management LLC lifted its position in Gartner by 1.9% during the third 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 buying an additional 36,698 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 purchasing an additional 103,814 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Gartner by 7.3% during the third 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 period. Finally, Franklin Resources Inc. raised its stake in shares of Gartner by 3.3% during the third 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 period. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Price Performance

Gartner stock traded up $3.26 during midday trading on Thursday, hitting $517.03. The company's stock had a trading volume of 502,530 shares, compared to its average volume of 487,294. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a market capitalization of $39.88 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The stock's 50-day moving average price is $510.12 and its 200-day moving average price is $507.95.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (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 analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. Analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $524.02, for a total transaction of $2,620,100.00. Following the completion of the transaction, the director now directly owns 509,457 shares of the company's stock, valued at approximately $266,965,657.14. This trade represents a 0.97 % 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 this link. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares of the company's stock, valued at approximately $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,690 shares of company stock worth $2,981,025 over the last 90 days. Insiders own 3.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird boosted their price target on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $552.63.

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.