Nomura Holdings Inc. Makes New $706,000 Investment in Gartner, Inc. (NYSE:IT)

Nomura Holdings Inc. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,564 shares of the information technology services provider’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley grew its position in Gartner by 4.6% during the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after buying an additional 95,040 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Gartner by 12.0% in the fourth quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the last quarter. Brown Advisory Inc. raised its stake in Gartner by 4.6% in the fourth quarter. Brown Advisory Inc. now owns 1,208,914 shares of the information technology services provider’s stock valued at $545,353,000 after purchasing an additional 52,826 shares in the last quarter. Franklin Resources Inc. lifted its position in Gartner by 18.5% during the fourth quarter. Franklin Resources Inc. now owns 920,716 shares of the information technology services provider’s stock valued at $415,344,000 after purchasing an additional 143,556 shares during the last quarter. Finally, Norges Bank purchased a new position in Gartner in the 4th quarter worth approximately $388,781,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

IT opened at $450.48 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a 1 year low of $323.61 and a 1 year high of $486.54. The stock’s 50 day simple moving average is $439.74 and its 200 day simple moving average is $452.09. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 3.91 and a beta of 1.32.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $2.88 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. As a group, analysts predict that Gartner, Inc. will post 11.55 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other news, EVP Yvonne Genovese sold 439 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares in the company, valued at $893,558.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Gartner news, Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the transaction, the director now directly owns 608,369 shares of the company’s stock, valued at approximately $276,929,568.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 439 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $456.13, for a total transaction of $200,241.07. Following the completion of the sale, the executive vice president now directly owns 1,959 shares of the company’s stock, valued at $893,558.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,544 shares of company stock worth $10,079,813. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird dropped their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus target price of $474.50.

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.