Old Dominion Capital Management Inc Lowers stake in Gartner Inc (IT)

Gartner Inc (IT) : Old Dominion Capital Management Inc reduced its stake in Gartner Inc by 4.09% during the most recent quarter end. The investment management company now holds a total of 12,285 shares of Gartner Inc which is valued at $1,196,682 after selling 524 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Gartner Inc makes up approximately 1.44% of Old Dominion Capital Management Inc’s portfolio.

Gartner Inc opened for trading at $95.65 and hit $97.78 on the upside on Friday, eventually ending the session at $97.41, with a gain of 2.36% or 2.25 points. The heightened volatility saw the trading volume jump to 8,23,127 shares. Company has a market cap of $8,036 M.

Other Hedge Funds, Including , Newfocus Financial Group sold out all of its stake in IT during the most recent quarter. The investment firm sold 1,253 shares of IT which is valued $122,055.Liberty Capital Management reduced its stake in IT by selling 105 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 21,130 shares of IT which is valued at $1,841,902. Gartner Inc makes up approx 1.42% of Liberty Capital Management’s portfolio. High Point Bank Trust Co added IT to its portfolio by purchasing 121 company shares during the most recent quarter which is valued at $10,666.

On the company’s financial health, Gartner Inc reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.45. The company had revenue of $557.30 million for the quarter, compared to analysts expectations of $540.55 million. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Many Wall Street Analysts have commented on Gartner Inc. Gartner Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

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.

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