Empirical Finance LLC Has $1.31 Million Stock Position in Gartner, Inc. (NYSE:IT)

Empirical Finance LLC lessened its stake in Gartner, Inc. (NYSE:IT) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,710 shares of the information technology services provider’s stock after selling 28 shares during the quarter. Empirical Finance LLC’s holdings in Gartner were worth $1,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IT. Czech National Bank increased its holdings in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after purchasing an additional 1,028 shares in the last quarter. Assetmark Inc. increased its stake in shares of Gartner by 70.0% in the 3rd quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock valued at $2,607,000 after buying an additional 2,118 shares during the period. ING Groep NV raised its position in shares of Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock worth $5,223,000 after acquiring an additional 2,860 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after acquiring an additional 480 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after acquiring an additional 13,205 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Trading Down 1.0 %

Shares of NYSE IT opened at $528.93 on Monday. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 3.50 and a beta of 1.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The company’s fifty day moving average is $509.93 and its 200-day moving average is $507.08.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 136.32% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $552.63.

Insider Activity

In other Gartner news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’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 transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,600 shares of company stock worth $2,933,279 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

About Gartner

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.