FORA Capital LLC Sells 6,442 Shares of Gartner, Inc. (NYSE:IT)

FORA Capital LLC cut its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 88.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 803 shares of the information technology services provider's stock after selling 6,442 shares during the quarter. FORA Capital LLC's holdings in Gartner were worth $389,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IT. Cary Street Partners Financial LLC bought a new position in Gartner during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Gartner in the 4th quarter valued at $29,000. Itau Unibanco Holding S.A. increased its holdings in Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after buying an additional 68 shares during the period. SBI Securities Co. Ltd. bought a new stake in Gartner in the 4th quarter valued at $49,000. Finally, Promus Capital LLC bought a new stake in Gartner in the 4th quarter valued at $57,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IT shares. Morgan Stanley lowered their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Barclays reduced their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. UBS Group boosted their target price on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Robert W. Baird reduced their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company reduced 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $518.67.

Gartner Trading Down 0.7%

IT traded down $3.15 during mid-day trading on Wednesday, hitting $445.55. The stock had a trading volume of 450,613 shares, compared to its average volume of 455,113. 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 1-year low of $366.05 and a 1-year high of $584.01. The stock's fifty day simple moving average is $421.67 and its 200-day simple moving average is $480.94. The firm has a market capitalization of $34.23 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24.

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

Insider Buying and Selling at Gartner

In other Gartner news, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig Safian sold 3,415 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the completion of the sale, the chief financial officer now owns 77,890 shares in the company, valued at $35,063,741.30. This represents a 4.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,463 shares of company stock worth $2,495,190. Insiders own 2.30% of the company's stock.

Gartner Company 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.