Mutual of America Capital Management LLC Decreases Stock Holdings in Gartner, Inc. $IT

Mutual of America Capital Management LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,824 shares of the information technology services provider’s stock after selling 108 shares during the period. Mutual of America Capital Management LLC’s holdings in Gartner were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in Gartner in the 4th quarter valued at $309,000. Lecap Asset Management Ltd. raised its stake in Gartner by 360.5% in the 1st quarter. Lecap Asset Management Ltd. now owns 3,877 shares of the information technology services provider’s stock valued at $1,627,000 after purchasing an additional 3,035 shares during the last quarter. Board of the Pension Protection Fund raised its stake in Gartner by 58.3% in the 1st quarter. Board of the Pension Protection Fund now owns 1,900 shares of the information technology services provider’s stock valued at $798,000 after purchasing an additional 700 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in Gartner by 57.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 61 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Gartner by 16.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375 shares of the information technology services provider’s stock valued at $3,921,000 after purchasing an additional 1,293 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.1%

Shares of IT opened at $251.27 on Friday. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The company has a market capitalization of $19.03 billion, a PE ratio of 15.46 and a beta of 1.20. The stock has a fifty day simple moving average of $248.50 and a two-hundred day simple moving average of $341.16. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $3.22 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IT shares. UBS Group increased their price objective on Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. BMO Capital Markets reduced their price objective on Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley set a $307.00 price objective on Gartner in a research note on Monday, October 13th. Wolfe Research started coverage on Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gartner in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $346.20.

Insider Transactions at Gartner

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 purchased at an average cost 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 $498,784. This trade represents a 25.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John J. Rinello sold 105 shares of the firm’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 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 disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

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.