Mutual of America Capital Management LLC Sells 250 Shares of Gartner, Inc. (NYSE:IT)

Mutual of America Capital Management LLC lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,239 shares of the information technology services provider’s stock after selling 250 shares during the period. Mutual of America Capital Management LLC’s holdings in Gartner were worth $4,476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Kestra Investment Management LLC bought a new stake in shares of Gartner during the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Gartner in the third quarter worth $44,000. True Wealth Design LLC lifted its position in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Gartner during the third quarter valued at $77,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Gartner by 14.0% in the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft increased 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Gartner presently has a consensus rating of “Hold” and an average price target of $552.63.

Gartner Stock Down 1.8 %

Shares of NYSE IT opened at $482.52 on Wednesday. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The stock’s fifty day simple moving average is $510.20 and its two-hundred day simple moving average is $510.31. The stock has a market capitalization of $37.07 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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, beating analysts’ consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.04 earnings per share. As a group, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Activity

In other Gartner news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,479 shares of company stock worth $734,419. Corporate insiders own 3.60% of the company’s stock.

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.