O Shaughnessy Asset Management LLC Has $7.75 Million Position in Gartner, Inc. (NYSE:IT)

O Shaughnessy Asset Management LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,995 shares of the information technology services provider’s stock after purchasing an additional 270 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Gartner were worth $7,749,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Czech National Bank grew its stake in Gartner by 6.5% in the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after buying an additional 1,028 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner in the fourth quarter valued at about $366,000. D.A. Davidson & CO. increased its stake in shares of Gartner by 2.6% in the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after purchasing an additional 29 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after purchasing an additional 480 shares during the last quarter. Finally, Barclays PLC boosted its stake in Gartner by 8.6% during the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock valued at $84,520,000 after purchasing an additional 13,205 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, 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 sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Gartner Trading Down 1.6 %

NYSE IT opened at $413.19 on Wednesday. Gartner, Inc. has a 12 month low of $409.00 and a 12 month high of $584.01. The stock has a 50-day simple moving average of $490.02 and a 200 day simple moving average of $504.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $31.74 billion, a PE ratio of 25.78, a P/E/G ratio of 3.30 and a beta of 1.29.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the business posted $3.04 EPS. Gartner’s revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Morgan Stanley reduced their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. UBS Group cut their price objective on shares of Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Robert W. Baird decreased their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $536.63.

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.