Alliance Wealth Advisors LLC UT Sells 1,471 Shares of Gartner, Inc. (NYSE:IT)

Alliance Wealth Advisors LLC UT reduced its stake in Gartner, Inc. (NYSE:IT) by 33.4% during the 4th quarter, HoldingsChannel reports. The firm owned 2,929 shares of the information technology services provider’s stock after selling 1,471 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Gartner were worth $1,419,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Czech National Bank boosted its stake in Gartner by 6.5% in the fourth quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock valued at $8,103,000 after acquiring an additional 1,028 shares during the last quarter. Assetmark Inc. boosted its position in Gartner by 70.0% during the third quarter. Assetmark Inc. now owns 5,144 shares of the information technology services provider’s stock valued at $2,607,000 after purchasing an additional 2,118 shares during the last quarter. ING Groep NV increased its holdings in Gartner by 38.4% during the third quarter. ING Groep NV now owns 10,306 shares of the information technology services provider’s stock worth $5,223,000 after buying an additional 2,860 shares during the last quarter. Barclays PLC increased its position in Gartner by 8.6% during the third quarter. Barclays PLC now owns 166,787 shares of the information technology services provider’s stock worth $84,520,000 after buying an additional 13,205 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in Gartner by 1,074.8% during the third quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider’s stock worth $35,631,000 after purchasing an additional 64,327 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

Shares of Gartner stock opened at $548.26 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business has a fifty day simple moving average of $508.50 and a two-hundred day simple moving average of $504.99. The firm has a market capitalization of $42.29 billion, a P/E ratio of 40.43, a P/E/G ratio of 3.37 and a beta of 1.34. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $2.56 EPS. Gartner’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post 11.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IT shares. Morgan Stanley reduced their price target on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Robert W. Baird increased their target price on shares of Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $550.75.

Insider Activity at Gartner

In related news, EVP Claire Herkes sold 411 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the sale, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 17,533 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock valued at $19,241,974 over the last ninety days. Insiders own 3.60% of the company’s stock.

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.