Mercer Global Advisors Inc. ADV Acquires 124 Shares of Gartner, Inc. (NYSE:IT)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 4,454 shares of the information technology services provider’s stock after purchasing an additional 124 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Gartner were worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in Gartner during the fourth quarter valued at $29,000. Itau Unibanco Holding S.A. lifted its position in shares of Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 68 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Gartner during the 4th quarter valued at approximately $49,000. Promus Capital LLC purchased a new stake in Gartner in the 4th quarter worth approximately $57,000. Finally, Hurley Capital LLC bought a new stake in Gartner during the 4th quarter worth approximately $73,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IT shares. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Morgan Stanley dropped their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Barclays decreased their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Robert W. Baird dropped their price objective on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, UBS Group lifted their target price on Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday. One 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 stock has an average rating of “Hold” and an average price target of $518.67.

Insider Activity at Gartner

In other news, Director Eileen Serra sold 1,200 shares of the firm’s 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 completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. This trade represents a 42.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 90 shares of the company’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 transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. The trade was 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 insiders.

Gartner Stock Performance

NYSE:IT opened at $437.13 on Thursday. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 27.27, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The stock’s 50 day simple moving average is $426.03 and its two-hundred day simple moving average is $483.67. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm earned $2.93 earnings per share. Gartner’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.