Hsbc Holdings PLC Sells 107,559 Shares of Gartner, Inc. $IT

Hsbc Holdings PLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,789 shares of the information technology services provider’s stock after selling 107,559 shares during the quarter. Hsbc Holdings PLC’s holdings in Gartner were worth $115,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Moran Wealth Management LLC purchased a new position in shares of Gartner in the fourth quarter worth $3,516,000. CWM LLC lifted its holdings in shares of Gartner by 86.4% during the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after purchasing an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Gartner by 111.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after buying an additional 13,493 shares during the last quarter. Weitz Investment Management Inc. boosted its position in shares of Gartner by 22.1% during the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after buying an additional 19,450 shares during the last quarter. Finally, Barclays PLC increased its holdings in Gartner by 10.6% in the 3rd quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after buying an additional 24,116 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.1%

IT opened at $127.65 on Monday. The firm’s 50 day simple moving average is $153.15 and its two-hundred day simple moving average is $181.57. The company has a market capitalization of $8.55 billion, a PE ratio of 12.61, a PEG ratio of 0.70 and a beta of 0.94. Gartner, Inc. has a 1-year low of $126.17 and a 1-year high of $409.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts forecast that Gartner, Inc. will post 13.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IT shares. Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Morgan Stanley dropped their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research note on Tuesday, May 5th. Royal Bank Of Canada decreased their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, UBS Group lowered their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $176.10.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.