Gartner (NYSE:IT) SVP Sells $26,219.55 in Stock

Gartner, Inc. (NYSE:IT) SVP John Rinello sold 105 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were 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 $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Gartner Stock Performance

Shares of IT stock opened at $243.24 on Wednesday. The firm has a market capitalization of $18.42 billion, a PE ratio of 14.97 and a beta of 1.19. The firm has a fifty day simple moving average of $332.66 and a two-hundred day simple moving average of $403.44. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.15. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. Gartner’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on IT. UBS Group restated a “neutral” rating and set a $270.00 price target (down previously from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. Wells Fargo & Company decreased their price target on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research note on Wednesday, August 6th. BMO Capital Markets reduced their target price on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Barclays reduced their target price on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $369.25.

Hedge Funds Weigh In On Gartner

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC boosted its holdings in shares of Gartner by 11.5% in the 1st quarter. DAVENPORT & Co LLC now owns 921 shares of the information technology services provider’s stock worth $387,000 after buying an additional 95 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Gartner by 3.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 1,145 shares of the information technology services provider’s stock worth $482,000 after buying an additional 40 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Gartner by 3.6% in the 1st quarter. SG Americas Securities LLC now owns 42,389 shares of the information technology services provider’s stock worth $17,792,000 after buying an additional 1,484 shares during the last quarter. Brighton Jones LLC purchased a new position in shares of Gartner in the 4th quarter worth about $309,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Gartner by 1.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,612 shares of the information technology services provider’s stock worth $12,009,000 after buying an additional 352 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Company Profile

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.