Gartner, Inc. (NYSE:IT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Gartner, Inc. (NYSE:IT) by 5.4% during the 4th quarter, Holdings Channel reports. The fund owned 10,435 shares of the information technology services provider’s stock after selling 599 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gartner were worth $4,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in Gartner by 7,500.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 76 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 75 shares during the period. Kendall Capital Management grew its holdings in Gartner by 39.2% in the fourth quarter. Kendall Capital Management now owns 3,258 shares of the information technology services provider’s stock valued at $1,470,000 after purchasing an additional 918 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Gartner by 108.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,942 shares of the information technology services provider’s stock valued at $876,000 after purchasing an additional 1,011 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $37,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Gartner by 8.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,364 shares of the information technology services provider’s stock valued at $98,507,000 after purchasing an additional 16,811 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

NYSE IT opened at $463.68 on Tuesday. The company has a market cap of $36.15 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 4.25 and a beta of 1.29. The stock’s 50 day simple moving average is $465.74 and its 200-day simple moving average is $432.79. Gartner, Inc. has a 1-year low of $292.60 and a 1-year high of $486.54. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the business posted $3.70 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Gartner, Inc. will post 11.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on IT. Morgan Stanley raised their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. BMO Capital Markets raised their price objective on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. UBS Group raised Gartner from a “neutral” rating to a “buy” rating and raised their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $470.25.

Insider Buying and Selling

In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the transaction, the director now owns 638,235 shares in the company, valued at $290,396,925. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the transaction, the director now owns 638,235 shares in the company, valued at $290,396,925. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares in the company, valued at approximately $1,352,109.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is owned by corporate 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.