Schroder Investment Management Group Buys 19,667 Shares of Gartner, Inc. (NYSE:IT)

Schroder Investment Management Group grew its stake in Gartner, Inc. (NYSE:IT) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 378,798 shares of the information technology services provider’s stock after acquiring an additional 19,667 shares during the period. Schroder Investment Management Group’s holdings in Gartner were worth $183,516,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Gartner during the fourth quarter worth about $460,541,000. Madison Investment Advisors LLC bought a new position in shares of Gartner during the 4th quarter valued at about $244,799,000. Raymond James Financial Inc. acquired a new position in shares of Gartner in the 4th quarter valued at approximately $165,476,000. Fisher Funds Management LTD bought a new stake in Gartner during the 4th quarter worth approximately $97,518,000. Finally, Proficio Capital Partners LLC acquired a new stake in Gartner during the 4th quarter worth approximately $95,762,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Down 1.5 %

IT stock opened at $418.57 on Monday. The company has a market cap of $32.15 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a twelve month low of $409.50 and a twelve month high of $584.01. The business has a 50 day moving average price of $494.18 and a two-hundred day moving average price of $505.61. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $3.04 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company 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, March 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. UBS Group dropped their target price on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Finally, Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. 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 stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $536.63.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, 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 can be accessed through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares of the company’s stock, valued at $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

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.