Fiera Capital Corp Has $105.72 Million Holdings in Gartner, Inc. (NYSE:IT)

Fiera Capital Corp lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 18.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 208,613 shares of the information technology services provider’s stock after selling 48,121 shares during the period. Fiera Capital Corp’s holdings in Gartner were worth $105,717,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in IT. Russell Investments Group Ltd. increased its stake in Gartner by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after buying an additional 2,560 shares during the last quarter. Transcend Capital Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at $512,000. Tidal Investments LLC increased its stake in Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after acquiring an additional 1,940 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Gartner in the 1st quarter worth approximately $1,049,000. Finally, Vident Advisory LLC boosted its stake in shares of Gartner by 543.2% in the 1st quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock valued at $4,375,000 after purchasing an additional 7,751 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 1.3 %

Shares of IT stock traded up $6.99 during mid-day trading on Friday, reaching $547.74. 118,260 shares of the company’s stock traded hands, compared to its average volume of 367,160. The company’s 50-day moving average price is $511.54 and its 200-day moving average price is $473.53. The company has a market cap of $42.21 billion, a P/E ratio of 51.81, a P/E/G ratio of 3.14 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 12 month low of $397.43 and a 12 month high of $550.41.

Gartner (NYSE:IT) last announced its quarterly earnings data 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. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $2.56 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Gartner, Inc. will post 11.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IT shares. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird upped their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America lifted their price objective on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $539.25.

Insider Buying and Selling at Gartner

In related news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Gartner news, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,899 shares of company stock worth $24,959,886. 3.60% of the stock is owned by 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.