Illinois Municipal Retirement Fund Sells 6,160 Shares of Gartner, Inc. (NYSE:IT)

Illinois Municipal Retirement Fund decreased its position in Gartner, Inc. (NYSE:IT - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 41,703 shares of the information technology services provider's stock after selling 6,160 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Gartner worth $17,504,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of Gartner by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock worth $1,637,000 after purchasing an additional 30 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gartner in the 4th quarter valued at $49,000. Three Seasons Wealth LLC bought a new stake in Gartner during the 4th quarter worth about $731,000. SG Americas Securities LLC boosted its stake in shares of Gartner by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider's stock worth $17,792,000 after buying an additional 1,484 shares during the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of Gartner during the 4th quarter worth about $309,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on IT shares. Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. UBS Group lowered their price target on Gartner from $525.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 18th. Wall Street Zen downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Robert W. Baird decreased their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company dropped their price target on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of "Hold" and a consensus target price of $515.89.

Insiders Place Their Bets

In related news, CFO Craig Safian sold 3,415 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $450.17, for a total transaction of $1,537,330.55. Following the sale, the chief financial officer now owns 77,890 shares of the company's stock, valued at $35,063,741.30. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John J. Rinello sold 109 shares of Gartner stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the transaction, the senior vice president now directly owns 3,280 shares of the company's stock, valued at $1,431,228. This represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,426 shares of company stock worth $2,430,327 in the last 90 days. Company insiders own 2.30% of the company's stock.

Gartner Stock Performance

IT traded down $1.92 on Friday, reaching $402.68. The company had a trading volume of 1,040,422 shares, compared to its average volume of 496,726. The stock has a market cap of $30.99 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company's fifty day moving average is $423.56 and its 200 day moving average is $459.67.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.93 earnings per share. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.