USS Investment Management Ltd Sells 1,716 Shares of Gartner, Inc. (NYSE:IT)

USS Investment Management Ltd lowered its position in Gartner, Inc. (NYSE:IT - Free Report) by 11.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,975 shares of the information technology services provider's stock after selling 1,716 shares during the period. USS Investment Management Ltd's holdings in Gartner were worth $6,288,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Gartner by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock valued at $4,490,378,000 after purchasing an additional 100,917 shares during the period. FMR LLC grew its holdings in Gartner by 8.6% during the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock valued at $1,367,233,000 after purchasing an additional 223,087 shares during the period. Geode Capital Management LLC grew its holdings in Gartner by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock valued at $998,400,000 after purchasing an additional 45,219 shares during the period. Principal Financial Group Inc. grew its holdings in Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider's stock valued at $975,141,000 after purchasing an additional 11,657 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after purchasing an additional 187,854 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Trading Down 1.0%

Shares of NYSE IT traded down $4.57 during midday trading on Wednesday, hitting $440.29. The company's stock had a trading volume of 133,663 shares, compared to its average volume of 456,444. 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 business's 50 day moving average is $420.08 and its two-hundred day moving average is $475.95. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The firm has a market cap of $33.89 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.26. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $2.93 earnings per share. The company's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Wells Fargo & Company lowered their price objective on Gartner from $401.00 to $400.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, Barclays dropped their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Gartner presently has an average rating of "Hold" and an average target price of $518.67.

Insider Transactions at Gartner

In related news, EVP Akhil Jain sold 625 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the transaction, the executive vice president now owns 6,548 shares of the company's stock, valued at $2,946,600. This represents a 8.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John J. Rinello sold 109 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 in the company, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,426 shares of company stock worth $2,430,327. 2.30% of the stock is currently owned by company 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.