Gartner, Inc. (NYSE:IT) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in Gartner, Inc. (NYSE:IT) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,427 shares of the information technology services provider’s stock after selling 53,921 shares during the period. Sei Investments Co.’s holdings in Gartner were worth $35,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Gartner by 0.3% in the fourth quarter. American Century Companies Inc. now owns 341,958 shares of the information technology services provider’s stock valued at $165,668,000 after purchasing an additional 1,045 shares during the period. Mizuho Securities USA LLC increased its holdings in Gartner by 46.3% in the 4th quarter. Mizuho Securities USA LLC now owns 7,311 shares of the information technology services provider’s stock worth $3,542,000 after acquiring an additional 2,314 shares in the last quarter. Quantbot Technologies LP acquired a new position in Gartner during the fourth quarter worth $6,756,000. iA Global Asset Management Inc. lifted its holdings in Gartner by 10.4% during the fourth quarter. iA Global Asset Management Inc. now owns 4,392 shares of the information technology services provider’s stock valued at $2,128,000 after purchasing an additional 415 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $4,862,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on IT shares. Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird lowered their target price on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $546.63.

Gartner Price Performance

Shares of IT stock opened at $429.69 on Tuesday. The firm’s 50-day moving average is $501.11 and its two-hundred day moving average is $507.61. Gartner, Inc. has a 12 month low of $409.50 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $33.01 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29.

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

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.