Nicolet Advisory Services LLC Cuts Position in Gartner, Inc. (NYSE:IT)

Nicolet Advisory Services LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 755 shares of the information technology services provider’s stock after selling 79 shares during the period. Nicolet Advisory Services LLC’s holdings in Gartner were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Gartner during the 4th quarter worth approximately $460,541,000. Madison Investment Advisors LLC acquired a new position in shares of Gartner in the fourth quarter worth $244,799,000. Raymond James Financial Inc. acquired a new stake in shares of Gartner in the fourth quarter valued at $165,476,000. Fisher Funds Management LTD acquired a new stake in shares of Gartner in the fourth quarter valued at $97,518,000. Finally, Proficio Capital Partners LLC purchased a new position in Gartner in the fourth quarter valued at $95,762,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Gartner from $600.00 to $510.00 and set an “overweight” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $525.38.

Insider Transactions at Gartner

In other news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the sale, the senior vice president now owns 3,259 shares of the company’s stock, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 5.4 %

Shares of NYSE IT opened at $383.12 on Friday. The stock has a market cap of $29.43 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52-week low of $382.23 and a 52-week high of $584.01. The business has a 50-day moving average price of $482.71 and a 200 day moving average price of $502.19. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $2.23. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.04 EPS. Equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.