Hsbc Holdings PLC Lowers Stake in Gartner, Inc. $IT

Hsbc Holdings PLC cut its position in shares of Gartner, Inc. (NYSE:IT) by 15.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 386,453 shares of the information technology services provider’s stock after selling 70,336 shares during the quarter. Hsbc Holdings PLC’s holdings in Gartner were worth $61,194,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its stake in shares of Gartner by 143.9% in 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 acquired a new stake in Gartner during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. increased its position in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new position in Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc raised its holdings in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IT. Royal Bank Of Canada decreased 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. Morgan Stanley cut their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Wells Fargo & Company reduced their target price 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. UBS Group decreased their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $173.10.

Gartner Stock Performance

Gartner stock opened at $140.45 on Monday. The firm has a market capitalization of $9.40 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97. Gartner, Inc. has a one year low of $124.25 and a one year high of $361.20. The stock’s 50 day moving average price is $145.97 and its 200 day moving average price is $166.46. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.

Gartner (NYSE:IT) last issued 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 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 revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

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.