Gartner, Inc. (NYSE:IT) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 22.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,859 shares of the information technology services provider’s stock after purchasing an additional 2,960 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Gartner were worth $7,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. RFG Advisory LLC increased its stake in Gartner by 37.2% during the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after purchasing an additional 431 shares during the period. Assenagon Asset Management S.A. lifted its stake in Gartner by 169.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares during the last quarter. TCW Group Inc. lifted its position in shares of Gartner by 4.0% during the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after acquiring an additional 2,560 shares during the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Gartner in the 4th quarter valued at $2,093,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group dropped their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Morgan Stanley lifted their price objective on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird cut their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and an average target price of $478.50.

Insiders Place Their Bets

In related news, Director Anne Sutherland Fuchs sold 705 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total value of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James C. Smith sold 10,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the completion of the sale, the director now directly owns 599,074 shares in the company, valued at approximately $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne Sutherland Fuchs sold 705 shares of Gartner stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total value of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares in the company, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,544 shares of company stock worth $10,079,813. Insiders own 3.60% of the company’s stock.

Gartner Price Performance

Gartner stock traded down $9.86 during midday trading on Wednesday, reaching $457.64. The company’s stock had a trading volume of 296,940 shares, compared to its average volume of 400,756. The firm has a market capitalization of $35.53 billion, a PE ratio of 45.79, a P/E/G ratio of 4.10 and a beta of 1.33. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $486.54. The stock’s 50 day simple moving average is $444.89 and its 200 day simple moving average is $453.35. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $2.88 EPS. Gartner’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Gartner, Inc. will post 11.63 earnings per share for the current 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.