Illinois Municipal Retirement Fund Purchases 1,162 Shares of Gartner, Inc. (NYSE:IT)

Illinois Municipal Retirement Fund increased its holdings in Gartner, Inc. (NYSE:IT) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 47,863 shares of the information technology services provider’s stock after buying an additional 1,162 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gartner were worth $23,188,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. Fisher Funds Management LTD purchased a new position in Gartner during the 4th quarter valued at $97,518,000. Assenagon Asset Management S.A. increased its position in shares of Gartner by 208.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider’s stock valued at $131,905,000 after buying an additional 183,974 shares during the period. Point72 Asset Management L.P. bought a new position in Gartner in the third quarter worth about $70,955,000. Principal Financial Group Inc. lifted its holdings in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after buying an additional 103,814 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gartner during the 3rd quarter valued at approximately $36,789,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on IT shares. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. Morgan Stanley lowered their price target 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. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $525.00 to $600.00 in a report on Friday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Gartner currently has an average rating of “Moderate Buy” and a consensus price target of $552.63.

Gartner Stock Up 2.0 %

Shares of IT opened at $497.72 on Tuesday. The company has a market capitalization of $38.23 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 3.30 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 12-month low of $411.15 and a 12-month high of $584.01. The business’s 50 day moving average is $509.33 and its 200 day moving average is $509.73.

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

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 690 shares of company stock valued at $360,925. Insiders own 3.60% of the company’s stock.

About Gartner

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.