Unigestion Holding SA Increases Stake in Gartner, Inc. (NYSE:IT)

Unigestion Holding SA raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,424 shares of the information technology services provider’s stock after acquiring an additional 970 shares during the quarter. Unigestion Holding SA’s holdings in Gartner were worth $23,460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. Norges Bank purchased a new stake in shares of Gartner during the 4th quarter valued at approximately $460,541,000. Madison Investment Advisors LLC bought a new stake in Gartner during the 4th quarter valued at $244,799,000. Raymond James Financial Inc. purchased a new stake in shares of Gartner during the fourth quarter worth $165,476,000. Fisher Funds Management LTD bought a new position in shares of Gartner in the fourth quarter worth $97,518,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Gartner in the fourth quarter valued at $95,762,000. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of Gartner stock opened at $383.12 on Friday. The firm has a market capitalization of $29.43 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. 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 12 month low of $382.23 and a 12 month high of $584.01. The business’s 50-day moving average price is $482.71 and its 200-day moving average price is $502.15.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business posted $3.04 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IT. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Barclays reduced their price objective on shares of Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday. Robert W. Baird cut their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $525.38.

Gartner Company 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.