Genesee Valley Trust Co Lowers stake in Gartner Inc (IT)

Gartner Inc (IT) : Genesee Valley Trust Co reduced its stake in Gartner Inc by 1.13% during the most recent quarter end. The investment management company now holds a total of 11,619 shares of Gartner Inc which is valued at $1,016,082 after selling 133 shares in Gartner Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Gartner Inc makes up approximately 0.66% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc reduced its stake in IT by selling 13,690 shares or 10.74% in the most recent quarter. The Hedge Fund company now holds 113,821 shares of IT which is valued at $9,953,646. Gartner Inc makes up approx 0.07% of Eagle Asset Management Inc’s portfolio. Cutler Group Lp added IT to its portfolio by purchasing 1,607 company shares during the most recent quarter which is valued at $141,866. Gartner Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.First Mercantile Trust Co boosted its stake in IT in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 1,870 shares of Gartner Inc which is valued at $163,812. Gartner Inc makes up approx 0.02% of First Mercantile Trust Co’s portfolio. Simplex Trading added IT to its portfolio by purchasing 456 company shares during the most recent quarter which is valued at $39,946. Gartner Inc makes up approx 0.01% of Simplex Trading’s portfolio.Washington Trust Bank reduced its stake in IT by selling 36 shares or 80.0% in the most recent quarter. The Hedge Fund company now holds 9 shares of IT which is valued at $795.

Gartner Inc closed down -0.83 points or -0.94% at $87.45 with 2,15,999 shares getting traded on Tuesday. Post opening the session at $87.93, the shares hit an intraday low of $87 and an intraday high of $88.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Macquarie Initiated Gartner Inc on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $108.

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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