Pacer Advisors Inc. Has $45.22 Million Stock Holdings in Gartner, Inc. $IT

Pacer Advisors Inc. trimmed its stake in shares of Gartner, Inc. (NYSE:IT) by 7.3% in the first quarter, HoldingsChannel.com reports. The fund owned 285,593 shares of the information technology services provider’s stock after selling 22,478 shares during the quarter. Pacer Advisors Inc.’s holdings in Gartner were worth $45,221,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Physician Wealth Advisors Inc. increased its position in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC bought a new stake in Gartner during the fourth quarter worth about $25,000. Rakuten Securities Inc. lifted its position in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the period. Entrust Financial LLC acquired a new stake in Gartner during the fourth quarter worth about $26,000. Finally, Bell Investment Advisors Inc increased its holdings in Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IT. Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Barclays decreased their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. Finally, Morgan Stanley dropped their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $173.10.

Gartner Trading Up 0.2%

Shares of Gartner stock opened at $151.33 on Tuesday. The firm’s 50 day moving average is $144.44 and its 200 day moving average is $158.78. The firm has a market capitalization of $10.13 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $337.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $2.98 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.