Keybank National Association OH Sells 691 Shares of Gartner, Inc. $IT

Keybank National Association OH reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,963 shares of the information technology services provider’s stock after selling 691 shares during the quarter. Keybank National Association OH’s holdings in Gartner were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IT. Ransom Advisory Ltd acquired a new position in Gartner in the 1st quarter worth about $29,000. Olde Wealth Management LLC acquired a new position in Gartner in the 1st quarter worth about $42,000. Chilton Capital Management LLC acquired a new position in Gartner in the 2nd quarter worth about $47,000. GW&K Investment Management LLC increased its holdings 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 worth $48,000 after purchasing an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Gartner in the 1st quarter worth about $55,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

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 stock was sold at an average price of $249.71, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average cost of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

IT has been the subject of a number of recent research reports. UBS Group upped their target price on Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wolfe Research initiated coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. The Goldman Sachs Group decreased their price target on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada initiated coverage on Gartner in a research note on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $346.80.

Gartner Trading Down 0.1%

Shares of IT stock opened at $248.25 on Monday. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 15.28 and a beta of 1.20. The stock has a 50-day moving average of $249.44 and a 200-day moving average of $333.83. 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 issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.