Wilkins Investment Counsel Inc. Sells 115 Shares of Gartner, Inc. (NYSE:IT)

Wilkins Investment Counsel Inc. reduced its position in Gartner, Inc. (NYSE:IT) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,733 shares of the information technology services provider’s stock after selling 115 shares during the quarter. Wilkins Investment Counsel Inc.’s holdings in Gartner were worth $7,622,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Howard Capital Management Inc. boosted its stake in shares of Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $219,000 after purchasing an additional 19 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in Gartner by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider’s stock worth $661,000 after acquiring an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Gartner by 2.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider’s stock worth $400,000 after acquiring an additional 20 shares in the last quarter. Parallel Advisors LLC boosted its stake in Gartner by 2.9% during the fourth quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider’s stock worth $357,000 after acquiring an additional 21 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Gartner by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider’s stock worth $444,000 after acquiring an additional 22 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Price Performance

Shares of NYSE:IT opened at $448.70 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $34.47 billion, a PE ratio of 27.99, a P/E/G ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $584.01. The company has a 50-day moving average price of $505.08 and a two-hundred day moving average price of $508.72.

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

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IT. Wells Fargo & Company cut their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Finally, Robert W. Baird increased their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.