Whittier Trust Co. Sells 95 Shares of Gartner, Inc. $IT

Whittier Trust Co. lessened its stake in Gartner, Inc. (NYSE:IT) by 27.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248 shares of the information technology services provider’s stock after selling 95 shares during the period. Whittier Trust Co.’s holdings in Gartner were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Phoenix Financial Ltd. lifted its stake in shares of Gartner by 5.4% in the second quarter. Phoenix Financial Ltd. now owns 806 shares of the information technology services provider’s stock valued at $326,000 after buying an additional 41 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Gartner by 4.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 134,054 shares of the information technology services provider’s stock worth $54,717,000 after purchasing an additional 5,255 shares during the period. Stephens Inc. AR lifted its stake in Gartner by 44.4% during the second quarter. Stephens Inc. AR now owns 2,141 shares of the information technology services provider’s stock worth $865,000 after purchasing an additional 658 shares during the period. Chevy Chase Trust Holdings LLC lifted its stake in Gartner by 1.1% during the second quarter. Chevy Chase Trust Holdings LLC now owns 40,729 shares of the information technology services provider’s stock worth $16,463,000 after purchasing an additional 440 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its stake in Gartner by 43.9% during the second quarter. Stratos Wealth Partners LTD. now owns 2,239 shares of the information technology services provider’s stock worth $905,000 after purchasing an additional 683 shares during the period. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $250.40 on Friday. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20. The company has a 50 day moving average of $248.73 and a 200-day moving average of $340.30. 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.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. The company 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%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, equities analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of Gartner in a research note on Tuesday. Wells Fargo & Company cut 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. Wolfe Research initiated coverage on shares of Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating for the company. UBS Group raised their price target on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Morgan Stanley set a $307.00 price objective on shares of Gartner in a report on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $346.20.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred 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 owned 3,225 shares of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jose M. Gutierrez purchased 417 shares of the 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 acquisition, the director owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

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.