Mackenzie Financial Corp Has $352.43 Million Position in Gartner, Inc. (NYSE:IT)

Mackenzie Financial Corp decreased its position in shares of Gartner, Inc. (NYSE:IT) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 784,821 shares of the information technology services provider’s stock after selling 24,856 shares during the period. Mackenzie Financial Corp’s holdings in Gartner were worth $352,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner in the 1st quarter valued at $36,000. Crewe Advisors LLC grew its position in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares during the last quarter. J.Safra Asset Management Corp raised its stake in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after acquiring an additional 54 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Gartner in the second quarter worth about $94,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Gartner by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock valued at $131,000 after purchasing an additional 38 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Gartner news, EVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now directly owns 56,650 shares in the company, valued at $28,636,008.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 478 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at $963,949.05. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock valued at $32,601,014 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on IT. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Robert W. Baird raised their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $521.00.

Gartner Price Performance

Shares of NYSE:IT opened at $516.47 on Friday. 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 stock has a market cap of $40.09 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 3.21 and a beta of 1.32. The stock’s fifty day simple moving average is $487.35 and its two-hundred day simple moving average is $463.49. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $521.64.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the firm earned $2.85 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, analysts forecast that Gartner, Inc. will post 11.65 EPS 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.