Fifth Third Bancorp Acquires 25,332 Shares of Gartner, Inc. $IT

Fifth Third Bancorp grew its position in Gartner, Inc. (NYSE:IT) by 476.1% during the first quarter, HoldingsChannel reports. The firm owned 30,653 shares of the information technology services provider’s stock after buying an additional 25,332 shares during the period. Fifth Third Bancorp’s holdings in Gartner were worth $4,854,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. increased its stake in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC bought a new position in Gartner in the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner during the 4th quarter worth $26,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Gartner in the 4th quarter worth about $28,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IT shares. Barclays decreased their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Morgan Stanley reduced their price objective on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lowered their price objective on shares of 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 equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $173.10.

Gartner Trading Down 1.7%

NYSE IT opened at $140.45 on Friday. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $361.20. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $9.40 billion, a PE ratio of 13.88, a P/E/G ratio of 0.79 and a beta of 0.97. The company has a fifty day moving average of $145.97 and a 200 day moving average of $167.07.

Gartner (NYSE:IT) last released its quarterly 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts forecast that Gartner, Inc. will post 13.61 earnings per share 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.