Louisiana State Employees Retirement System Buys New Shares in Gartner, Inc. $IT

Louisiana State Employees Retirement System purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 1st quarter, HoldingsChannel reports. The firm purchased 3,600 shares of the information technology services provider’s stock, valued at approximately $570,000.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC acquired a new position in Gartner during the 2nd quarter worth approximately $336,000. Cresset Asset Management LLC increased its position in shares of Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after purchasing an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IT. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 24th. Barclays dropped their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. UBS Group cut their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $174.10.

Gartner Price Performance

Shares of IT opened at $140.97 on Wednesday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $403.95. The stock has a market cap of $9.44 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97. The firm has a fifty day moving average price of $148.43 and a 200 day moving average price of $172.92.

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

Gartner 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.