Metis Global Partners LLC Decreases Stake in Gartner, Inc. (NYSE:IT)

Metis Global Partners LLC decreased its position in Gartner, Inc. (NYSE:IT) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,440 shares of the information technology services provider’s stock after selling 48 shares during the period. Metis Global Partners LLC’s holdings in Gartner were worth $1,667,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. US Bancorp DE increased its stake in shares of Gartner by 27.3% during the 4th quarter. US Bancorp DE now owns 6,677 shares of the information technology services provider’s stock worth $3,235,000 after purchasing an additional 1,431 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $3,444,000. Private Trust Co. NA increased its stake in shares of Gartner by 9.3% during the 4th quarter. Private Trust Co. NA now owns 307 shares of the information technology services provider’s stock worth $149,000 after purchasing an additional 26 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Gartner by 31.8% during the 4th quarter. QRG Capital Management Inc. now owns 4,003 shares of the information technology services provider’s stock worth $1,939,000 after purchasing an additional 965 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $95,762,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 1.6 %

Shares of NYSE:IT opened at $490.33 on Tuesday. The firm has a fifty day moving average price of $510.13 and a two-hundred day moving average price of $510.27. 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, Inc. has a one year low of $411.15 and a one year high of $584.01. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 3.30 and a beta of 1.34.

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 the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm earned $3.04 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IT. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird raised their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average price target of $552.63.

Insider Buying and Selling at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,479 shares of company stock valued at $734,419 in the last three months. Company 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.