Callan Family Office LLC Increases Position in Gartner, Inc. $IT

Callan Family Office LLC lifted its holdings in Gartner, Inc. (NYSE:IT) by 145.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,462 shares of the information technology services provider’s stock after acquiring an additional 1,460 shares during the quarter. Callan Family Office LLC’s holdings in Gartner were worth $995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Gartner by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after buying an additional 164,810 shares during the last quarter. Generation Investment Management LLP raised its holdings in shares of Gartner by 16.5% in the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after purchasing an additional 189,514 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Gartner by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after purchasing an additional 211,842 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after purchasing an additional 932,077 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Gartner by 11.0% in the 1st quarter. Northern Trust Corp now owns 1,006,655 shares of the information technology services provider’s stock worth $422,533,000 after purchasing an additional 99,822 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, Director Jose M. Gutierrez bought 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. The trade was a 25.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IT shares. Wolfe Research started coverage on shares of Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. The Goldman Sachs Group lowered 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 lowered their price target 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 lifted their price target on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gartner in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $358.56.

Gartner Trading Down 2.0%

Gartner stock opened at $239.66 on Monday. The stock has a market cap of $18.15 billion, a P/E ratio of 14.75 and a beta of 1.20. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01. The firm’s fifty day moving average price is $248.97 and its 200-day moving average price is $350.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11.

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

Gartner 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.