LMR Partners LLP Invests $427,000 in Gartner Inc (IT)

LMR Partners LLP purchased a new stake in shares of Gartner Inc (NYSE:IT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,339 shares of the information technology services provider’s stock, valued at approximately $427,000.

Several other institutional investors have also recently made changes to their positions in the company. Signet Investment Advisory Group Inc. acquired a new stake in Gartner in the 4th quarter worth approximately $38,000. Exane Asset Management acquired a new position in shares of Gartner during the fourth quarter worth approximately $78,000. Whittier Trust Co. lifted its holdings 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 buying an additional 616 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $135,000. Finally, Putnam Investments LLC acquired a new position in shares of Gartner during the third quarter worth approximately $211,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

Shares of NYSE:IT opened at $145.04 on Friday. Gartner Inc has a fifty-two week low of $114.40 and a fifty-two week high of $161.21. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.51 and a beta of 1.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.49.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 5th. The information technology services provider reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Gartner had a net margin of 3.08% and a return on equity of 37.74%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $1.17 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts predict that Gartner Inc will post 3.97 EPS for the current fiscal year.

A number of analysts have recently issued reports on IT shares. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Cantor Fitzgerald restated a “hold” rating and set a $141.00 price objective on shares of Gartner in a research report on Thursday, February 14th. BMO Capital Markets cut Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective on the stock. in a research report on Wednesday, February 6th. Robert W. Baird restated a “buy” rating and set a $156.00 price objective on shares of Gartner in a research report on Wednesday, February 6th. Finally, Bank of America reiterated a “buy” rating and issued a $150.00 price target on shares of Gartner in a research report on Wednesday, February 6th. 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 an average rating of “Hold” and an average price target of $142.81.

In other Gartner news, EVP Alwyn Dawkins sold 1,909 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $142.01, for a total value of $271,097.09. Following the transaction, the executive vice president now owns 35,822 shares of the company’s stock, valued at $5,087,082.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robin B. Kranich sold 8,496 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $143.00, for a total value of $1,214,928.00. Following the completion of the transaction, the executive vice president now directly owns 11,989 shares in the company, valued at approximately $1,714,427. The disclosure for this sale can be found here. Insiders sold 104,975 shares of company stock worth $15,020,962 over the last quarter. Company insiders own 4.00% of the company’s stock.

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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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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