Claybrook Capital LLC Buys New Stake in Gartner Inc (IT)

Claybrook Capital LLC bought a new stake in Gartner Inc (NYSE:IT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 401 shares of the information technology services provider’s stock, valued at approximately $51,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signet Investment Advisory Group Inc. acquired a new stake in shares of Gartner during the fourth quarter worth about $38,000. Exane Asset Management acquired a new stake in shares of Gartner during the fourth quarter worth about $78,000. Whittier Trust Co. lifted its position in shares of Gartner by 142.3% during the fourth quarter. Whittier Trust Co. now owns 1,049 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 616 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $135,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Gartner during the fourth quarter worth about $176,000. 97.22% of the stock is currently owned by institutional investors.

IT stock opened at $145.04 on Friday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.69 and a current ratio of 0.69. Gartner Inc has a fifty-two week low of $114.40 and a fifty-two week high of $161.21. The company has a market cap of $12.91 billion, a P/E ratio of 38.27, a PEG ratio of 2.51 and a beta of 1.31.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.05). Gartner had a return on equity of 37.74% and a net margin of 3.08%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts anticipate that Gartner Inc will post 3.97 EPS for the current year.

In related news, EVP Robin B. Kranich sold 8,496 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $143.00, for a total transaction of $1,214,928.00. Following the sale, the executive vice president now directly owns 11,989 shares in the company, valued at $1,714,427. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eugene A. Hall sold 90,935 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $143.22, for a total transaction of $13,023,710.70. Following the sale, the chief executive officer now owns 1,174,006 shares in the company, valued at $168,141,139.32. The disclosure for this sale can be found here. Insiders have sold 104,975 shares of company stock worth $15,020,962 over the last 90 days. Insiders own 4.00% of the company’s stock.

IT has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Gartner from $144.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. BMO Capital Markets cut shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price target on the stock. in a research report on Wednesday, February 6th. Bank of America reissued a “buy” rating and set a $150.00 price target on shares of Gartner in a research report on Wednesday, February 6th. Cantor Fitzgerald cut shares of Gartner from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $156.00 price target on shares of Gartner in a research report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $142.81.

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Gartner Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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