Hantz Financial Services Inc. Has $10.94 Million Holdings in Gartner, Inc. (NYSE:IT)

Hantz Financial Services Inc. trimmed its holdings in Gartner, Inc. (NYSE:IT) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,576 shares of the information technology services provider’s stock after selling 8,658 shares during the period. Hantz Financial Services Inc.’s holdings in Gartner were worth $10,937,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Gartner by 1.1% during the 3rd quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock worth $1,650,697,000 after buying an additional 36,258 shares during the last quarter. Geode Capital Management LLC grew its holdings in Gartner by 1.9% in the 3rd 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. grew its holdings in Gartner by 5.5% in the 3rd 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 buying an additional 103,814 shares in the last quarter. JPMorgan Chase & Co. increased its position in Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider’s stock worth $525,272,000 after buying an additional 70,236 shares during the period. Finally, Franklin Resources Inc. lifted its holdings 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 worth $422,678,000 after buying an additional 25,315 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.9 %

IT opened at $541.70 on Wednesday. The company has a market cap of $41.78 billion, a P/E ratio of 39.95, a PEG ratio of 2.92 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company’s 50 day moving average is $506.45 and its 200-day moving average is $502.61. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $2.56 EPS. Gartner’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Smith sold 17,533 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the sale, the director now directly owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock worth $19,241,974 in the last quarter. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IT shares. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Monday. 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 report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $550.75.

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.