MML Investors Services LLC Has $1.59 Million Stake in Gartner, Inc. (NYSE:IT)

MML Investors Services LLC cut its holdings in Gartner, Inc. (NYSE:IT) by 55.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,274 shares of the information technology services provider’s stock after selling 4,123 shares during the period. MML Investors Services LLC’s holdings in Gartner were worth $1,586,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Czech National Bank grew its position in Gartner by 6.5% during the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock worth $8,103,000 after buying an additional 1,028 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner during the 4th quarter worth approximately $366,000. D.A. Davidson & CO. increased its position in shares of Gartner by 2.6% during the fourth quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock valued at $551,000 after purchasing an additional 29 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of Gartner by 1.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock valued at $15,322,000 after purchasing an additional 480 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Gartner by 0.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider’s stock worth $1,637,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IT shares. Wells Fargo & Company dropped their price objective on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Barclays lowered their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $513.63.

Insider Transactions at Gartner

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

Gartner Trading Up 1.2 %

Shares of IT opened at $420.86 on Wednesday. The stock has a fifty day moving average price of $434.22 and a two-hundred day moving average price of $487.62. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $32.33 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 52-week low of $366.05 and a 52-week high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $3.04 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.