Gartner Inc (IT) : Old Dominion Capital Management Inc reduced its stake in Gartner Inc by 1.77% during the most recent quarter end. The investment management company now holds a total of 12,068 shares of Gartner Inc which is valued at $1,199,439 after selling 217 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Gartner Inc makes up approximately 1.40% of Old Dominion Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in IT in the latest quarter, The investment management firm added 51,200 additional shares and now holds a total of 54,300 shares of Gartner Inc which is valued at $5,396,877. Gartner Inc makes up approx 0.24% of Quantitative Investment Management’s portfolio.Ngam Advisors boosted its stake in IT in the latest quarter, The investment management firm added 2,514 additional shares and now holds a total of 18,006 shares of Gartner Inc which is valued at $1,789,616. Gartner Inc makes up approx 0.02% of Ngam Advisors’s portfolio.Genesee Valley Trust Co boosted its stake in IT in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 11,752 shares of Gartner Inc which is valued at $1,167,914. Gartner Inc makes up approx 0.76% of Genesee Valley Trust Co’s portfolio.Shell Asset Management Co boosted its stake in IT in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 43,772 shares of Gartner Inc which is valued at $4,350,061. Gartner Inc makes up approx 0.10% of Shell Asset Management Co’s portfolio.
Gartner Inc closed down -0.71 points or -0.75% at $94.24 with 3,78,603 shares getting traded on Monday. Post opening the session at $94.94, the shares hit an intraday low of $94.19 and an intraday high of $95.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Gartner Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $610.00 million for the quarter, compared to analysts expectations of $598.41 million. The company’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.
Many Wall Street Analysts have commented on Gartner Inc. Company shares were Reiterated by RBC Capital Mkts on May 9, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 94 from a previous price target of $89 .
Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.