LS Investment Advisors LLC Has $495,000 Position in Gartner Inc (IT)

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LS Investment Advisors LLC lowered its holdings in Gartner Inc (NYSE:IT) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,874 shares of the information technology services provider’s stock after selling 319 shares during the quarter. LS Investment Advisors LLC’s holdings in Gartner were worth $495,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio grew its position in shares of Gartner by 2.5% in the 4th quarter. Strs Ohio now owns 3,625 shares of the information technology services provider’s stock valued at $463,000 after acquiring an additional 89 shares during the period. State of Alaska Department of Revenue grew its position in shares of Gartner by 0.6% in the 4th quarter. State of Alaska Department of Revenue now owns 15,900 shares of the information technology services provider’s stock valued at $2,032,000 after acquiring an additional 100 shares during the period. Creative Planning grew its position in shares of Gartner by 5.6% in the 4th quarter. Creative Planning now owns 1,947 shares of the information technology services provider’s stock valued at $249,000 after acquiring an additional 104 shares during the period. Liberty Capital Management Inc. grew its position in shares of Gartner by 1.2% in the 4th quarter. Liberty Capital Management Inc. now owns 25,230 shares of the information technology services provider’s stock valued at $3,225,000 after acquiring an additional 294 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Gartner by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 13,347 shares of the information technology services provider’s stock valued at $1,706,000 after acquiring an additional 300 shares during the period.

NYSE IT opened at $140.63 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. The stock has a market cap of $12.65 billion, a PE ratio of 37.11, a P/E/G ratio of 2.41 and a beta of 1.27. Gartner Inc has a 52-week low of $111.57 and a 52-week high of $161.21.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. Gartner had a return on equity of 37.74% and a net margin of 3.08%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 EPS. As a group, equities research analysts expect that Gartner Inc will post 3.97 earnings per share for the current year.

A number of research analysts have recently commented on IT shares. Morgan Stanley set a $144.00 price objective on shares of Gartner and gave the company a “hold” rating in a research report on Monday, October 15th. Bank of America started coverage on shares of Gartner in a research report on Monday, October 22nd. They issued a “buy” rating for the company. TheStreet downgraded shares of Gartner from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Piper Jaffray Companies downgraded shares of Gartner from a “neutral” rating to an “underweight” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird decreased their price objective on shares of Gartner from $170.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $143.59.

In other news, EVP Robin B. Kranich sold 3,085 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $149.24, for a total transaction of $460,405.40. Following the completion of the sale, the executive vice president now owns 11,914 shares in the company, valued at approximately $1,778,045.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robin B. Kranich sold 1,763 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $147.55, for a total transaction of $260,130.65. Following the sale, the executive vice president now owns 27,819 shares of the company’s stock, valued at approximately $4,104,693.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,226 shares of company stock valued at $1,070,818. 4.00% of the stock is currently owned by corporate insiders.

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Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to our analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Further Reading: NASDAQ

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner Inc (NYSE:IT).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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