Savant Capital LLC Has $355,000 Holdings in Gartner, Inc. (NYSE:IT)

Savant Capital LLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 787 shares of the information technology services provider’s stock after selling 163 shares during the period. Savant Capital LLC’s holdings in Gartner were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IT. OFI Invest Asset Management bought a new stake in Gartner during the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new position in Gartner in the 4th quarter worth approximately $26,000. MCF Advisors LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $27,000. VisionPoint Advisory Group LLC boosted its position in shares of Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in Gartner by 357.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 68 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IT has been the subject of a number of research reports. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Robert W. Baird cut their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Morgan Stanley lifted their price objective on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets lowered their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Gartner Stock Up 2.3 %

NYSE IT opened at $428.64 on Monday. Gartner, Inc. has a 1-year low of $295.43 and a 1-year high of $486.54. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 3.44 and a beta of 1.32. The stock’s 50 day moving average is $462.52 and its two-hundred day moving average is $441.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $2.88 EPS. Gartner’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the transaction, the director now owns 638,235 shares of the company’s stock, valued at $290,396,925. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the sale, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. 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.