Sei Investments Co. Has $24.09 Million Position in Gartner, Inc. (IT)
Sei Investments Co. boosted its position in shares of Gartner, Inc. (NYSE:IT) by 29.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,589 shares of the information technology services provider’s stock after buying an additional 43,850 shares during the quarter. Sei Investments Co. owned approximately 0.21% of Gartner worth $24,085,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 798 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new stake in Gartner during the second quarter valued at $124,000. Bronfman E.L. Rothschild L.P. grew its position in Gartner by 9.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock valued at $146,000 after buying an additional 103 shares during the period. Commonwealth Bank of Australia grew its position in Gartner by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock valued at $148,000 after buying an additional 200 shares during the period. Finally, Parkwood LLC acquired a new stake in Gartner during the third quarter valued at $201,000. Institutional investors own 93.15% of the company’s stock.
In other news, SVP Robin B. Kranich sold 7,487 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $120.08, for a total value of $899,038.96. Following the transaction, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $119.21, for a total transaction of $119,210.00. Following the completion of the transaction, the senior vice president now directly owns 23,699 shares in the company, valued at $2,825,157.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,363 shares of company stock worth $2,656,767. Insiders own 4.30% of the company’s stock.
Gartner, Inc. (IT) traded up $0.14 during trading hours on Monday, hitting $117.48. 493,700 shares of the stock traded hands, compared to its average volume of 695,199. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $10,649.68, a P/E ratio of 37.90, a P/E/G ratio of 2.14 and a beta of 1.08. Gartner, Inc. has a 12-month low of $90.37 and a 12-month high of $130.02.
Gartner (NYSE:IT) last posted its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.13. The firm had revenue of $828.09 million for the quarter, compared to the consensus estimate of $826.09 million. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. analysts expect that Gartner, Inc. will post 3.43 earnings per share for the current year.
Several brokerages have recently issued reports on IT. BidaskClub lowered shares of Gartner from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Robert W. Baird reiterated a “buy” rating and issued a $135.00 target price on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $104.00 target price on shares of Gartner in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $143.00 target price on shares of Gartner in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Gartner presently has an average rating of “Buy” and an average price target of $132.60.
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Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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