ORG Wealth Partners LLC Grows Position in Gartner, Inc. $IT

ORG Wealth Partners LLC raised its stake in Gartner, Inc. (NYSE:IT) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566 shares of the information technology services provider’s stock after purchasing an additional 50 shares during the period. ORG Wealth Partners LLC’s holdings in Gartner were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Applied Finance Capital Management LLC lifted its position in shares of Gartner by 1.5% in the first quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock valued at $816,000 after acquiring an additional 29 shares in the last quarter. Allworth Financial LP increased its stake in Gartner by 5.6% during the first quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock worth $235,000 after acquiring an additional 30 shares during the last quarter. Brighton Jones LLC increased its stake in Gartner by 4.9% during the first quarter. Brighton Jones LLC now owns 668 shares of the information technology services provider’s stock worth $280,000 after acquiring an additional 31 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in Gartner by 1.6% during the first quarter. Resonant Capital Advisors LLC now owns 2,324 shares of the information technology services provider’s stock worth $975,000 after acquiring an additional 36 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its stake in Gartner by 2.8% during the second quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 36 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of IT stock opened at $263.92 on Friday. The stock’s fifty day simple moving average is $268.42 and its 200-day simple moving average is $363.94. 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 1-year low of $223.65 and a 1-year high of $584.01. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 16.24 and a beta of 1.20.

Gartner (NYSE:IT) last issued its 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. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $3.22 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $270.00 target price (down previously from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. Barclays decreased their target price on Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Wolfe Research initiated coverage on Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating for the company. The Goldman Sachs Group reduced their price target on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley dropped their price objective on Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $357.44.

Insider Activity

In other Gartner news, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $239.80 per share, with a total value of $99,996.60. Following the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

About Gartner

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.