Unigestion Holding SA Acquires 970 Shares of Gartner, Inc. (NYSE:IT)

Unigestion Holding SA boosted its stake in shares of Gartner, Inc. (NYSE:IT) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,424 shares of the information technology services provider’s stock after purchasing an additional 970 shares during the quarter. Unigestion Holding SA owned about 0.06% of Gartner worth $23,460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Gartner in the 4th quarter valued at approximately $49,000. Promus Capital LLC bought a new stake in shares of Gartner during the 4th quarter worth approximately $57,000. Hurley Capital LLC bought a new stake in shares of Gartner during the 4th quarter worth approximately $73,000. Finally, Global Retirement Partners LLC boosted its position in shares of Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. Finally, UBS Group lowered their price target on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus target price of $525.38.

Gartner Stock Performance

IT opened at $383.12 on Friday. Gartner, Inc. has a 1-year low of $382.23 and a 1-year high of $584.01. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.30 and a beta of 1.29. The company’s fifty day moving average price is $482.71 and its two-hundred day moving average price is $502.15. 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 posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $3.04 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

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.