Illinois Municipal Retirement Fund Has $16.49 Million Stock Holdings in Gartner, Inc. $IT

Illinois Municipal Retirement Fund lowered its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,783 shares of the information technology services provider’s stock after selling 920 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Gartner worth $16,485,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ransom Advisory Ltd acquired a new position in shares of Gartner during the 1st quarter valued at $29,000. GW&K Investment Management LLC grew its stake in shares of Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares during the period. Chilton Capital Management LLC bought a new stake in Gartner in the 2nd quarter valued at about $47,000. Bayforest Capital Ltd raised its stake in Gartner by 527.3% during the 1st 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 bought a new position in Gartner in the first quarter worth approximately $69,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 1.8%

IT stock opened at $230.44 on Monday. The stock has a market cap of $17.45 billion, a P/E ratio of 14.18 and a beta of 1.19. 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’s fifty day simple moving average is $248.17 and its two-hundred day simple moving average is $327.92. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.35. The firm had revenue of $1.52 billion during 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. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

IT has been the subject of several recent research reports. Barclays decreased their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group lowered their price objective on shares of Gartner from $280.00 to $256.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings lowered shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wells Fargo & Company cut their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note on Wednesday, November 5th. Finally, William Blair reissued an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $311.67.

Insider Activity

In related news, Director Jose M. Gutierrez bought 417 shares of the company’s stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the purchase, the director directly owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.30% of the company’s stock.

About Gartner

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.