Illinois Municipal Retirement Fund Has $23.19 Million Stake in Gartner, Inc. (NYSE:IT)

Illinois Municipal Retirement Fund boosted its position in Gartner, Inc. (NYSE:IT) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,863 shares of the information technology services provider’s stock after purchasing an additional 1,162 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Gartner worth $23,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank boosted its position 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 during the period. Assetmark Inc. grew its position in Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock worth $2,607,000 after buying an additional 2,118 shares in the last quarter. Entropy Technologies LP bought a new position in Gartner during the 4th quarter worth $366,000. ING Groep NV lifted its position in shares of Gartner by 38.4% during the 3rd quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock valued at $5,223,000 after acquiring an additional 2,860 shares during the period. Finally, Conestoga Capital Advisors LLC increased its position in shares of Gartner by 1.5% in 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 purchasing an additional 480 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of IT opened at $497.72 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $38.23 billion, a P/E ratio of 31.05, a P/E/G ratio of 3.30 and a beta of 1.34. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The stock has a 50 day moving average price of $509.33 and a two-hundred day moving average price of $509.73.

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

Insider Activity at Gartner

In other news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the transaction, the executive vice president now owns 7,311 shares in the company, valued at approximately $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 690 shares of company stock valued at $360,925 over the last 90 days. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on IT shares. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Finally, Barclays raised Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $552.63.

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.