Hantz Financial Services Inc. Sells 8,658 Shares of Gartner, Inc. (NYSE:IT)

Hantz Financial Services Inc. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 27.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,576 shares of the information technology services provider’s stock after selling 8,658 shares during the quarter. Hantz Financial Services Inc.’s holdings in Gartner were worth $10,937,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its stake in Gartner by 4.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 27,268 shares of the information technology services provider’s stock valued at $13,211,000 after purchasing an additional 1,129 shares in the last quarter. Sumitomo Life Insurance Co. bought a new position in shares of Gartner during the 4th quarter worth about $703,000. R Squared Ltd acquired a new stake in shares of Gartner in the 4th quarter valued at about $291,000. KBC Group NV raised its stake in Gartner by 24.0% during the 4th quarter. KBC Group NV now owns 15,109 shares of the information technology services provider’s stock worth $7,320,000 after buying an additional 2,923 shares during the period. Finally, Blue Trust Inc. raised its stake in Gartner by 42.0% during the 4th quarter. Blue Trust Inc. now owns 1,599 shares of the information technology services provider’s stock worth $810,000 after buying an additional 473 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, Director James C. Smith sold 17,533 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now directly owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock worth $19,241,974 in the last quarter. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $550.75.

Gartner Stock Up 0.9 %

IT opened at $541.70 on Wednesday. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The firm has a market capitalization of $41.78 billion, a P/E ratio of 39.95, a PEG ratio of 2.92 and a beta of 1.33. The company’s 50-day moving average is $506.45 and its 200 day moving average is $502.61. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 EPS. Research analysts expect that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

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.