OMERS ADMINISTRATION Corp Decreases Stock Position in Gartner, Inc. (NYSE:IT)

OMERS ADMINISTRATION Corp decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,718 shares of the information technology services provider's stock after selling 1,150 shares during the period. OMERS ADMINISTRATION Corp's holdings in Gartner were worth $9,068,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Gartner by 8.6% during the 3rd quarter. Barclays PLC now owns 166,787 shares of the information technology services provider's stock valued at $84,520,000 after buying an additional 13,205 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Gartner by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after acquiring an additional 70,236 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Gartner by 10.6% in the fourth quarter. Diversified Trust Co now owns 438 shares of the information technology services provider's stock valued at $212,000 after purchasing an additional 42 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Gartner by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after purchasing an additional 22 shares during the last quarter. Finally, Czech National Bank increased its position in Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider's stock worth $8,103,000 after purchasing an additional 1,028 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IT has been the subject of several research reports. UBS Group increased their price objective on shares of Gartner from $500.00 to $525.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lowered their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company decreased 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. Finally, Barclays dropped their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating for the company in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $518.67.

Gartner Stock Up 3.3%

Shares of NYSE IT opened at $446.76 on Tuesday. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The firm has a 50-day simple moving average of $423.10 and a two-hundred day simple moving average of $481.41. The company has a market cap of $34.32 billion, a P/E ratio of 27.87, a PEG ratio of 3.30 and a beta of 1.24. 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 (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. Research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Activity

In other Gartner news, EVP Robin B. Kranich sold 739 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the transaction, the executive vice president now directly owns 20,464 shares in the company, valued at $8,932,536. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner 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 sale, the director now directly owns 1,627 shares of the company's stock, valued at approximately $796,855.79. This trade represents a 42.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,048 shares of company stock valued at $957,860. 2.30% of the stock is currently owned by company insiders.

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.

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