Illinois Municipal Retirement Fund Lowers Stake in Gartner, Inc. $IT

Illinois Municipal Retirement Fund cut its holdings in shares of Gartner, Inc. (NYSE:IT) by 17.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,737 shares of the information technology services provider’s stock after selling 6,837 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gartner were worth $5,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J. Stern & Co. LLP raised its holdings in Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after purchasing an additional 1,518,333 shares during the period. Norges Bank purchased a new stake in shares of Gartner in the fourth quarter valued at approximately $299,576,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after buying an additional 1,025,010 shares in the last quarter. Capital International Investors raised its stake in shares of Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after buying an additional 646,052 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $140.45 on Friday. The company has a market cap of $9.40 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.77 and a beta of 0.97. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $361.20. The company’s 50-day moving average price is $145.97 and its 200-day moving average price is $167.07. 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 announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. Gartner’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on IT. Barclays dropped their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Wells Fargo & Company decreased their price objective on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Royal Bank Of Canada lowered their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $173.10.

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.