MML Investors Services LLC Reduces Stock Holdings in Gartner, Inc. (NYSE:IT)

MML Investors Services LLC lessened its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 55.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,274 shares of the information technology services provider's stock after selling 4,123 shares during the quarter. MML Investors Services LLC's holdings in Gartner were worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Czech National Bank raised its holdings in shares of Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock valued at $8,103,000 after acquiring an additional 1,028 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Gartner during the fourth quarter valued at approximately $366,000. D.A. Davidson & CO. increased its holdings in Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider's stock valued at $551,000 after buying an additional 29 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in Gartner by 1.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider's stock worth $15,322,000 after buying an additional 480 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Gartner by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider's stock valued at $1,637,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

NYSE:IT traded up $8.16 during midday trading on Friday, hitting $427.76. The company's stock had a trading volume of 398,615 shares, compared to its average volume of 447,987. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $32.86 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.30 and a beta of 1.26. The firm's 50 day moving average is $429.83 and its 200-day moving average is $485.71.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.04 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. The trade was a 42.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on IT. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company lowered their target price on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday. Barclays decreased their price objective on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Morgan Stanley dropped their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Finally, UBS Group lowered their price target on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $513.50.

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.