Findlay Park Partners LLP Reduces Position in Gartner, Inc. (NYSE:IT)

Findlay Park Partners LLP decreased its position in Gartner, Inc. (NYSE:IT – Get Rating) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,411 shares of the information technology services provider’s stock after selling 42,589 shares during the period. Gartner accounts for approximately 1.8% of Findlay Park Partners LLP’s investment portfolio, making the stock its 25th largest position. Findlay Park Partners LLP owned 0.61% of Gartner worth $162,158,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its holdings in Gartner by 105.6% during the 4th quarter. AdvisorNet Financial Inc now owns 74 shares of the information technology services provider’s stock worth $25,000 after buying an additional 38 shares in the last quarter. Spire Wealth Management increased its position in shares of Gartner by 4,300.0% in the 4th quarter. Spire Wealth Management now owns 88 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 86 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Gartner in the 3rd quarter valued at approximately $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Gartner in the 3rd quarter valued at approximately $31,000. Finally, Vienna Asset Management LLC purchased a new stake in shares of Gartner in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.86% of the company’s stock.

Insider Buying and Selling at Gartner

In other news, EVP Yvonne Genovese sold 874 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $334.18, for a total transaction of $292,073.32. Following the transaction, the executive vice president now directly owns 2,568 shares of the company’s stock, valued at $858,174.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Yvonne Genovese sold 874 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $334.18, for a total transaction of $292,073.32. Following the completion of the transaction, the executive vice president now owns 2,568 shares in the company, valued at $858,174.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William James Wartinbee III sold 1,007 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $322.29, for a total transaction of $324,546.03. Following the completion of the transaction, the senior vice president now owns 7,964 shares of the company’s stock, valued at approximately $2,566,717.56. The disclosure for this sale can be found here. Insiders have sold a total of 11,058 shares of company stock valued at $3,614,028 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Gartner Stock Performance

Shares of IT opened at $325.29 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 5.19. The stock has a market cap of $25.71 billion, a P/E ratio of 28.07, a PEG ratio of 4.37 and a beta of 1.28. The company has a 50-day moving average of $312.15 and a two-hundred day moving average of $328.60. Gartner, Inc. has a 12-month low of $221.39 and a 12-month high of $358.25.

Gartner (NYSE:IT – Get Rating) last announced its earnings results on Tuesday, May 2nd. The information technology services provider reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.84. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Gartner had a net margin of 16.56% and a return on equity of 772.55%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.33 earnings per share. As a group, research analysts predict that Gartner, Inc. will post 10.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on IT shares. Morgan Stanley increased their target price on shares of Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Wells Fargo & Company dropped their target price on shares of Gartner from $387.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. BMO Capital Markets dropped their target price on shares of Gartner from $357.00 to $337.00 and set a “market perform” rating on the stock in a research report on Friday, April 21st. Finally, StockNews.com started coverage on shares of Gartner in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $357.86.

Gartner Company Profile

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm?s research experts, peer networking services, and membership programs.