Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Gartner Inc (NYSE:IT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,798 shares of the information technology services provider’s stock, valued at approximately $230,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in IT. Signet Investment Advisory Group Inc. purchased a new stake in shares of Gartner during the 4th quarter valued at $38,000. Sontag Advisory LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $47,000. Claybrook Capital LLC purchased a new stake in Gartner during the 4th quarter worth $51,000. Exane Asset Management purchased a new stake in Gartner during the 4th quarter worth $78,000. Finally, Whittier Trust Co. boosted its position in Gartner by 142.3% during the 4th 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 during the period. 99.17% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the stock. TheStreet raised shares of Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price target on shares of Gartner in a research report on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and set a $150.00 price target on shares of Gartner in a research report on Wednesday, February 6th. BMO Capital Markets cut shares of Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price target for the company. in a research report on Wednesday, February 6th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $141.00 price target on shares of Gartner in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $142.81.
Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Gartner Inc will post 3.97 earnings per share for the current year.
In other news, EVP Mr Thomas Christopher sold 8,259 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $144.14, for a total value of $1,190,452.26. Following the sale, the executive vice president now owns 19,698 shares in the company, valued at approximately $2,839,269.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eugene A. Hall sold 90,935 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $143.22, for a total transaction of $13,023,710.70. Following the completion of the sale, the chief executive officer now owns 1,174,006 shares in the company, valued at approximately $168,141,139.32. The disclosure for this sale can be found here. Insiders sold a total of 113,234 shares of company stock worth $16,211,414 in the last quarter. 4.00% of the stock is currently owned by company insiders.
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Gartner Company 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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