Gartner, Inc. $IT Stock Position Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its position in shares of Gartner, Inc. (NYSE:IT) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,662 shares of the information technology services provider’s stock after buying an additional 5,928 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Gartner were worth $7,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in IT. Physician Wealth Advisors Inc. raised its position in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its position in Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in Gartner in the fourth quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc increased its stake in shares of Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.0%

NYSE:IT opened at $140.56 on Monday. The company’s 50 day moving average is $144.85 and its 200-day moving average is $162.57. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $359.36. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 0.78 and a beta of 0.97.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The business 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%. Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts anticipate that Gartner, Inc. will post 13.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of 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 price objective on shares of Gartner in a report on Tuesday, May 5th. Barclays lowered their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Wells Fargo & Company reduced their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Finally, Morgan Stanley decreased their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $173.10.

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.