Gartner, Inc. (IT) Holdings Lessened by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its holdings in Gartner, Inc. (NYSE:IT) by 12.9% during the fourth quarter, HoldingsChannel reports. The firm owned 14,414 shares of the information technology services provider’s stock after selling 2,130 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Gartner were worth $1,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC raised its position in shares of Gartner by 466.7% during the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after acquiring an additional 798 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of Gartner by 20.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock valued at $148,000 after acquiring an additional 200 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Gartner by 52.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after acquiring an additional 505 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of Gartner during the 3rd quarter valued at approximately $185,000. Finally, Parkwood LLC acquired a new stake in shares of Gartner during the 3rd quarter valued at approximately $201,000. 95.43% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on IT shares. Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Cantor Fitzgerald reissued a “buy” rating and set a $139.00 price target on shares of Gartner in a research report on Thursday, November 2nd. Piper Jaffray Companies reissued a “hold” rating and set a $104.00 price target on shares of Gartner in a research report on Friday, November 3rd. Goldman Sachs Group started coverage on Gartner in a research report on Wednesday, November 8th. They set a “buy” rating and a $146.00 price target on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $137.00 price target on shares of Gartner in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $132.60.

Gartner, Inc. (NYSE IT) opened at $130.04 on Wednesday. The company has a market capitalization of $11,796.42, a price-to-earnings ratio of -382.47, a P/E/G ratio of 2.02 and a beta of 1.05. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73. Gartner, Inc. has a 52 week low of $95.40 and a 52 week high of $131.91.

Gartner (NYSE:IT) last issued its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.13. The firm had revenue of $828.09 million during the quarter, compared to the consensus estimate of $826.09 million. Gartner had a positive return on equity of 57.60% and a negative net margin of 1.25%. The firm’s revenue was up 44.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 EPS. analysts anticipate that Gartner, Inc. will post 3.43 earnings per share for the current year.

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Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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