Marks Group Wealth Management Inc Has $2.75 Million Position in Gartner, Inc. $IT

Marks Group Wealth Management Inc raised its stake in Gartner, Inc. (NYSE:IT) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,792 shares of the information technology services provider’s stock after purchasing an additional 125 shares during the period. Marks Group Wealth Management Inc’s holdings in Gartner were worth $2,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ransom Advisory Ltd acquired a new position in shares of Gartner in the first quarter valued at about $29,000. Olde Wealth Management LLC acquired a new position in shares of Gartner in the first quarter valued at about $42,000. GW&K Investment Management LLC grew its stake in shares of Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 78 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Gartner in the first quarter valued at about $55,000. Finally, Bayforest Capital Ltd grew its stake in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 116 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. BMO Capital Markets reduced their price objective on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company reduced their price objective on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group reduced their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada assumed coverage on shares of Gartner in a research note on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $357.44.

Insider Transactions at Gartner

In other news, SVP John J. Rinello sold 105 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the company’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 acquisition, the director owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

Gartner Stock Up 0.2%

IT stock opened at $257.78 on Monday. The stock has a market capitalization of $19.52 billion, a P/E ratio of 15.86 and a beta of 1.20. 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. The firm has a 50-day moving average price of $258.64 and a 200-day moving average price of $356.75.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.