Industrial Alliance Investment Management Inc. Has $839,000 Position in Gartner, Inc. (NYSE:IT)

Industrial Alliance Investment Management Inc. increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,760 shares of the information technology services provider’s stock after acquiring an additional 74 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Gartner were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in Gartner by 53.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,269 shares of the information technology services provider’s stock valued at $1,926,000 after buying an additional 1,486 shares in the last quarter. Blue Trust Inc. boosted its position in Gartner by 33.5% in the fourth quarter. Blue Trust Inc. now owns 343 shares of the information technology services provider’s stock valued at $155,000 after buying an additional 86 shares in the last quarter. Caprock Group LLC boosted its position in Gartner by 4.7% in the fourth quarter. Caprock Group LLC now owns 928 shares of the information technology services provider’s stock valued at $419,000 after buying an additional 42 shares in the last quarter. Mendota Financial Group LLC bought a new position in shares of Gartner in the fourth quarter worth about $69,000. Finally, Quent Capital LLC raised its stake in shares of Gartner by 7.1% in the fourth quarter. Quent Capital LLC now owns 586 shares of the information technology services provider’s stock worth $264,000 after acquiring an additional 39 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IT has been the subject of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. UBS Group dropped their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a research note on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Finally, Robert W. Baird dropped their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $478.50.

Insider Activity at Gartner

In related news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the transaction, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the transaction, the director now owns 608,369 shares in the company, valued at $276,929,568.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 705 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now owns 8,524 shares of the company’s stock, valued at approximately $3,656,710.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Up 5.9 %

Shares of IT traded up $27.93 on Tuesday, reaching $498.77. 997,461 shares of the company’s stock were exchanged, compared to its average volume of 406,703. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock has a market capitalization of $38.72 billion, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.33. The business has a 50 day moving average price of $447.16 and a two-hundred day moving average price of $454.38. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $506.15.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. Gartner’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. Research analysts anticipate that Gartner, Inc. will post 11.63 earnings per share for the current year.

About Gartner

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.