Mutual of America Capital Management LLC Sells 430 Shares of Gartner, Inc. (NYSE:IT)

Mutual of America Capital Management LLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,790 shares of the information technology services provider’s stock after selling 430 shares during the period. Mutual of America Capital Management LLC’s holdings in Gartner were worth $4,396,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. DSM Capital Partners LLC bought a new stake in Gartner in the 4th quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in Gartner during the first quarter valued at $36,000. Crewe Advisors LLC lifted its position in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. J.Safra Asset Management Corp grew its stake in shares of Gartner by 58.7% in the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Gartner in the 2nd quarter worth about $94,000. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 0.0 %

NYSE:IT opened at $513.59 on Friday. The stock has a fifty day simple moving average of $483.06 and a 200-day simple moving average of $462.17. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a market cap of $39.87 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $517.48.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. Analysts anticipate that Gartner, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on IT shares. BMO Capital Markets increased their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Morgan Stanley increased their price target on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. UBS Group lifted their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised shares of Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $521.00.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Yvonne Genovese sold 443 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total value of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $947,411.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares in the company, valued at $2,346,915. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,164 shares of company stock worth $32,601,014. Company insiders own 3.60% of the company’s stock.

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.