Gartner, Inc. $IT Position Boosted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 17.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,182 shares of the information technology services provider’s stock after buying an additional 9,259 shares during the period. Janney Montgomery Scott LLC’s holdings in Gartner were worth $9,688,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IT. Brighton Jones LLC acquired a new position in shares of Gartner in the 4th quarter valued at $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner in the second quarter worth approximately $336,000. Cresset Asset Management LLC raised its holdings in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after acquiring an additional 191 shares during the period. Sei Investments Co. raised its holdings in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Gartner by 111.5% in 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 period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. Barclays dropped their price objective 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. Finally, Morgan Stanley cut their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $174.10.

Gartner Stock Performance

NYSE:IT opened at $136.08 on Friday. The firm has a market capitalization of $9.11 billion, a PE ratio of 13.45, a PEG ratio of 0.74 and a beta of 0.97. The firm’s fifty day simple moving average is $149.30 and its 200 day simple moving average is $175.26. 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, Inc. has a 1 year low of $124.25 and a 1 year high of $403.95.

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

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.