Metis Global Partners LLC Trims Stock Holdings in Gartner, Inc. (NYSE:IT)

Metis Global Partners LLC cut its position in Gartner, Inc. (NYSE:IT) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,542 shares of the information technology services provider’s stock after selling 133 shares during the period. Metis Global Partners LLC’s holdings in Gartner were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IT. BKM Wealth Management LLC purchased a new stake in Gartner in the 4th quarter worth approximately $26,000. MCF Advisors LLC acquired a new stake in Gartner during the fourth quarter valued at $27,000. AdvisorNet Financial Inc increased its holdings in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Gartner by 7,500.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock worth $34,000 after acquiring an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Gartner during the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. Insiders sold a total of 22,952 shares of company stock worth $10,598,070 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Gartner Price Performance

Shares of IT stock opened at $436.90 on Wednesday. Gartner, Inc. has a 12 month low of $300.94 and a 12 month high of $486.54. The firm’s 50-day moving average is $461.54 and its two-hundred day moving average is $442.74. The company has a market capitalization of $34.06 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 3.44 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.40. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 EPS. Analysts predict that Gartner, Inc. will post 11.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets reduced their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of “Moderate Buy” and an average target price of $474.50.

Gartner Company 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.