Tranquility Partners LLC Reduces Stock Holdings in Gartner, Inc. (NYSE:IT)

Tranquility Partners LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,106 shares of the information technology services provider’s stock after selling 32 shares during the quarter. Tranquility Partners LLC’s holdings in Gartner were worth $536,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp increased its holdings in shares of Gartner by 10.9% in the 4th quarter. Fiera Capital Corp now owns 231,363 shares of the information technology services provider’s stock valued at $112,088,000 after acquiring an additional 22,750 shares during the period. Marks Group Wealth Management Inc lifted its holdings in Gartner by 2.6% in the fourth quarter. Marks Group Wealth Management Inc now owns 6,486 shares of the information technology services provider’s stock valued at $3,142,000 after acquiring an additional 165 shares during the period. Sapient Capital LLC boosted its position in shares of Gartner by 0.6% during the 4th quarter. Sapient Capital LLC now owns 13,951 shares of the information technology services provider’s stock worth $6,759,000 after purchasing an additional 89 shares in the last quarter. Panoramic Capital Partners LLC acquired a new position in shares of Gartner during the 4th quarter worth $203,000. Finally, Eukles Asset Management lifted its stake in shares of Gartner by 1.8% in the fourth quarter. Eukles Asset Management now owns 7,033 shares of the information technology services provider’s stock valued at $3,407,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Morgan Stanley dropped their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price 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, Robert W. Baird upped their price target 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 five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $552.63.

Insider Activity

In other news, EVP Claire Herkes sold 411 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 90 shares of the firm’s 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 in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,690 shares of company stock valued at $2,981,025. Company insiders own 3.60% of the company’s stock.

Gartner Stock Performance

Gartner stock opened at $514.02 on Thursday. The company has a market cap of $39.65 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50-day moving average is $510.12 and its 200-day moving average is $507.95.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 136.32%. Gartner’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.04 earnings per share. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.