Motley Fool Asset Management LLC Buys 615 Shares of Gartner, Inc. $IT

Motley Fool Asset Management LLC lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,019 shares of the information technology services provider’s stock after purchasing an additional 615 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Gartner were worth $2,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ransom Advisory Ltd bought a new stake in shares of Gartner during the 1st quarter valued at $29,000. Olde Wealth Management LLC purchased a new stake in shares of 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 acquiring an additional 78 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Gartner during the 2nd quarter valued at about $47,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Gartner during the 1st quarter valued at about $55,000. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target for the company. Barclays set a $270.00 price target on Gartner and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. UBS Group lifted their price target on Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company dropped their price target on Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $307.00 price target on Gartner in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $346.20.

Insider Activity

In related news, Director Jose M. Gutierrez bought 417 shares of the company’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 acquisition, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. The trade was a 25.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John J. Rinello sold 105 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.60% of the stock is currently owned by corporate insiders.

Gartner Price Performance

Shares of Gartner stock opened at $252.75 on Wednesday. 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 market capitalization of $19.14 billion, a PE ratio of 15.55 and a beta of 1.20. The business’s 50-day moving average price is $249.27 and its 200-day moving average price is $337.56. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01.

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

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.