Roundview Capital LLC Increases Stock Position in Gartner, Inc. $IT

Roundview Capital LLC grew its stake in shares of Gartner, Inc. (NYSE:IT) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,902 shares of the information technology services provider’s stock after acquiring an additional 353 shares during the quarter. Roundview Capital LLC’s holdings in Gartner were worth $769,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ransom Advisory Ltd purchased a new stake in shares of Gartner during the 1st quarter valued at about $29,000. Olde Wealth Management LLC purchased a new stake in shares of Gartner during the 1st quarter valued at about $42,000. GW&K Investment Management LLC boosted its holdings in shares of Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 78 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Gartner during the 1st quarter valued at about $55,000. Finally, Bayforest Capital Ltd boosted its holdings in shares of Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director Jose M. Gutierrez purchased 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the acquisition, the director owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 105 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares in the company, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 4.2%

Shares of IT opened at $245.57 on Wednesday. The firm has a market capitalization of $18.60 billion, a P/E ratio of 15.11 and a beta of 1.20. Gartner, Inc. has a 12-month low of $223.65 and a 12-month high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average price of $254.62 and a 200-day moving average price of $354.77.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the firm earned $3.22 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IT. The Goldman Sachs Group dropped their price target on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. BMO Capital Markets dropped their price objective on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. UBS Group raised their price objective on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley dropped their price objective on shares of Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Finally, Barclays dropped their price objective on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $358.56.

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.