United Capital Financial Advisors LLC Acquires Shares of 8,404 Gartner, Inc. $IT

United Capital Financial Advisors LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the second quarter, Holdings Channel reports. The institutional investor bought 8,404 shares of the information technology services provider’s stock, valued at approximately $1,089,000.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY acquired a new position in Gartner in the 2nd quarter valued at about $985,243,000. BlackRock Inc. acquired a new stake in Gartner during the 2nd quarter worth approximately $676,246,000. Capital International Investors lifted its position in Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the period. State Street Corp grew its stake in shares of Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its holdings in shares of Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after purchasing an additional 112,439 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares in the company, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,765 shares of company stock valued at $528,731 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on shares of Gartner in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $187.30.

Gartner Trading Up 0.8%

Shares of IT stock opened at $198.22 on Friday. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85. The stock has a market cap of $12.52 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.68 and a beta of 0.94. The business has a fifty day simple moving average of $157.78 and a 200-day simple moving average of $156.26. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal 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.