Gartner, Inc. $IT Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in Gartner, Inc. (NYSE:IT) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,584 shares of the information technology services provider’s stock after selling 1,322 shares during the period. Blair William & Co. IL’s holdings in Gartner were worth $16,000,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of IT. Ransom Advisory Ltd acquired a new stake in shares of Gartner in the first quarter valued at $29,000. Olde Wealth Management LLC acquired a new stake in Gartner in the 1st quarter valued at about $42,000. GW&K Investment Management LLC boosted its position 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 purchasing an additional 78 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Gartner in the 1st quarter worth approximately $55,000. Finally, Bayforest Capital Ltd raised its holdings in shares of Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. UBS Group lifted their target price on Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday. BMO Capital Markets cut their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Wolfe Research assumed coverage on Gartner in a research report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group cut their price objective on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $358.56.

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the sale, the senior vice president owned 3,225 shares in the company, valued at $805,314.75. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Gartner Stock Performance

Shares of IT stock opened at $239.66 on Friday. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20. Gartner, Inc. has a 1-year low of $223.65 and a 1-year 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 stock’s fifty day simple moving average is $248.97 and its 200-day simple moving average is $351.47.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business earned $3.22 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

About Gartner

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.