Gartner, Inc. $IT Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its stake in Gartner, Inc. (NYSE:IT) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 806 shares of the information technology services provider’s stock after purchasing an additional 41 shares during the period. Phoenix Financial Ltd.’s holdings in Gartner were worth $326,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Ransom Advisory Ltd purchased a new position in Gartner in the 1st quarter valued at approximately $29,000. Olde Wealth Management LLC purchased a new position in Gartner in the 1st quarter valued at approximately $42,000. GW&K Investment Management LLC boosted its position in Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares during the period. Wayfinding Financial LLC purchased a new position in Gartner in the 1st quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd boosted its position in Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, SVP John J. 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 value of $26,219.55. Following the completion of the sale, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jose M. Gutierrez purchased 417 shares of Gartner stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following the completion of the transaction, the director owned 2,080 shares of the company’s stock, 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 owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on IT. Barclays set a $270.00 price target on shares of Gartner and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada started coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a research report on Wednesday, August 6th. Wolfe Research started coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $346.20.

Gartner Price Performance

Gartner stock opened at $251.21 on Thursday. Gartner, Inc. has a 12-month low of $223.65 and a 12-month high of $584.01. The stock has a market cap of $19.03 billion, a P/E ratio of 15.46 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. The company has a fifty day simple moving average of $248.34 and a 200-day simple moving average of $342.06.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company earned $3.22 earnings per share. Gartner’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. Equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Gartner 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.