Gartner, Inc. $IT Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,784 shares of the information technology services provider’s stock after acquiring an additional 7,838 shares during the period. Russell Investments Group Ltd.’s holdings in Gartner were worth $44,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Addison Advisors LLC acquired a new stake in Gartner during the 2nd quarter worth $27,000. Ransom Advisory Ltd acquired a new position in Gartner in the first quarter valued at $29,000. Chilton Capital Management LLC purchased a new stake in shares of Gartner in the second quarter valued at about $47,000. Bayforest Capital Ltd boosted its stake in shares of Gartner by 527.3% during the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after buying an additional 116 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Gartner during the first quarter worth about $69,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of IT stock opened at $232.18 on Friday. 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 has a 50 day simple moving average of $243.00 and a 200-day simple moving average of $308.74. The company has a market cap of $16.73 billion, a price-to-earnings ratio of 14.29 and a beta of 1.19. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

IT has been the topic of several recent research reports. Barclays dropped their price target on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial set a $300.00 target price on Gartner in a research note on Wednesday. Morgan Stanley set a $307.00 price target on Gartner in a research note on Monday, October 13th. The Goldman Sachs Group decreased their price target on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, UBS Group set a $256.00 price objective on shares of Gartner and gave the company a “neutral” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $311.67.

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.