Liberty Capital Management Inc. Has $433,000 Stake in Gartner, Inc. (NYSE:IT)

Liberty Capital Management Inc. decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,031 shares of the information technology services provider’s stock after selling 49 shares during the quarter. Liberty Capital Management Inc.’s holdings in Gartner were worth $433,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cary Street Partners Financial LLC acquired a new position in Gartner during the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new position in Gartner during the fourth quarter worth $29,000. Itau Unibanco Holding S.A. boosted its holdings in Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 68 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Gartner during the fourth quarter worth $49,000. Finally, Promus Capital LLC acquired a new position in Gartner during the fourth quarter worth $57,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $413.29 on Friday. The firm has a market capitalization of $31.81 billion, a PE ratio of 25.78, a PEG ratio of 3.30 and a beta of 1.23. The company’s 50-day moving average is $422.69 and its 200-day moving average is $467.72. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Activity

In related news, CFO Craig Safian sold 3,415 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the transaction, the chief financial officer now directly owns 77,890 shares in the company, valued at approximately $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 109 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the transaction, the senior vice president now owns 3,280 shares in the company, valued at $1,431,228. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,426 shares of company stock valued at $2,430,327 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays dropped their price target on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a research report on Thursday, May 1st. UBS Group upped their price target on shares of Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $518.67.

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.