O Shaughnessy Asset Management LLC Buys 2,960 Shares of Gartner, Inc. (NYSE:IT)

O Shaughnessy Asset Management LLC increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 22.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 15,859 shares of the information technology services provider’s stock after acquiring an additional 2,960 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Gartner were worth $7,560,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IT. Nordea Investment Management AB boosted its holdings in Gartner by 2.0% during the fourth quarter. Nordea Investment Management AB now owns 6,110 shares of the information technology services provider’s stock worth $2,766,000 after purchasing an additional 121 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Gartner during the fourth quarter worth $26,000. CX Institutional acquired a new stake in Gartner in the fourth quarter valued at $244,000. SG Americas Securities LLC lifted its stake in Gartner by 48.8% in the fourth quarter. SG Americas Securities LLC now owns 6,098 shares of the information technology services provider’s stock valued at $2,751,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new stake in Gartner in the fourth quarter valued at $253,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT traded down $9.86 during trading hours on Wednesday, hitting $457.64. The company had a trading volume of 296,940 shares, compared to its average volume of 400,756. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $486.54. The firm has a market cap of $35.53 billion, a price-to-earnings ratio of 45.79, a PEG ratio of 4.10 and a beta of 1.33. The business has a fifty day moving average of $444.89 and a 200-day moving average of $453.35. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned $2.88 earnings per share. Gartner’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Gartner, Inc. will post 11.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the transaction, the director now directly owns 599,074 shares of the company’s stock, valued at $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Gartner news, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the transaction, the director now directly owns 599,074 shares of the company’s stock, valued at approximately $263,167,217.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the transaction, the executive vice president now directly owns 1,959 shares in the company, valued at $893,558.67. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

IT has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. BMO Capital Markets cut their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. UBS Group dropped their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $478.50.

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.