Financial Counselors Inc. grew its stake in Gartner Inc (NYSE:IT) by 4.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,052 shares of the information technology services provider’s stock after buying an additional 597 shares during the quarter. Financial Counselors Inc.’s holdings in Gartner were worth $1,607,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in IT. Carillon Tower Advisers Inc. acquired a new position in shares of Gartner during the 4th quarter worth about $2,278,000. Brown Advisory Inc. lifted its position in shares of Gartner by 25.3% during the 4th quarter. Brown Advisory Inc. now owns 13,760 shares of the information technology services provider’s stock worth $1,695,000 after purchasing an additional 2,781 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of Gartner by 18.2% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock worth $271,182,000 after purchasing an additional 339,426 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in Gartner by 16.2% in the 4th quarter. State of Tennessee Treasury Department now owns 28,604 shares of the information technology services provider’s stock valued at $3,523,000 after acquiring an additional 3,997 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in Gartner by 7.5% in the 4th quarter. Norinchukin Bank The now owns 7,247 shares of the information technology services provider’s stock valued at $892,000 after acquiring an additional 503 shares in the last quarter. 96.97% of the stock is owned by institutional investors.
IT has been the subject of several recent research reports. Morgan Stanley upped their price target on Gartner from $120.00 to $131.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $139.00 price target on shares of Gartner in a report on Tuesday, February 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $136.00 price target on shares of Gartner in a report on Tuesday, January 30th. TheStreet raised Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Goldman Sachs Group initiated coverage on Gartner in a report on Wednesday, November 8th. They issued a “buy” rating and a $146.00 price target for the company. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $138.90.
Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.15). Gartner had a net margin of 0.10% and a return on equity of 42.47%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. sell-side analysts predict that Gartner Inc will post 3.92 earnings per share for the current year.
In related news, CEO Eugene A. Hall sold 49,687 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $116.39, for a total transaction of $5,783,069.93. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robin B. Kranich sold 5,713 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $116.15, for a total value of $663,564.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,291 shares of company stock worth $8,310,331. Corporate insiders own 4.30% of the company’s stock.
Gartner Company Profile
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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