Mackenzie Financial Corp Purchases 131,222 Shares of Gartner, Inc. (NYSE:IT)

Mackenzie Financial Corp lifted its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 629,969 shares of the information technology services provider's stock after acquiring an additional 131,222 shares during the quarter. Mackenzie Financial Corp owned about 0.81% of Gartner worth $284,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in Gartner in the 3rd quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $26,000. Cornerstone Planning Group LLC acquired a new stake in Gartner during the second quarter valued at approximately $27,000. VisionPoint Advisory Group LLC boosted its holdings in Gartner by 254.2% during the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider's stock worth $29,000 after buying an additional 61 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in shares of Gartner during the 4th quarter worth $29,000. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Valentin Sribar sold 682 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Yvonne Genovese sold 560 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total transaction of $256,127.20. Following the transaction, the executive vice president now owns 2,398 shares in the company, valued at approximately $1,096,773.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares of the company's stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock valued at $10,598,070 in the last quarter. Company insiders own 3.90% of the company's stock.

Gartner Stock Down 0.4 %

NYSE IT traded down $1.77 during trading on Monday, reaching $463.68. 626,554 shares of the company's stock were exchanged, compared to its average volume of 387,924. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. Gartner, Inc. has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The company's fifty day simple moving average is $465.74 and its 200-day simple moving average is $432.79. The firm has a market capitalization of $36.15 billion, a PE ratio of 41.92, a P/E/G ratio of 4.25 and a beta of 1.29.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $3.70 earnings per share. Sell-side analysts predict that Gartner, Inc. will post 11.36 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IT shares. BMO Capital Markets upped their target price on Gartner from $444.00 to $450.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a report on Saturday, February 10th. Morgan Stanley lifted their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Finally, UBS Group upgraded shares of Gartner from a "neutral" rating to a "buy" rating and upped their price target for the company from $484.00 to $550.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $470.25.

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.