Gartner, Inc. $IT Holdings Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in Gartner, Inc. (NYSE:IT) by 56.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 308,071 shares of the information technology services provider’s stock after selling 404,181 shares during the period. Pacer Advisors Inc.’s holdings in Gartner were worth $77,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its position in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC acquired a new position in shares of Gartner during the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Entrust Financial LLC bought a new stake in shares of Gartner in the 4th quarter worth $26,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Gartner in the 4th quarter worth $28,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Down 4.4%

Shares of NYSE IT opened at $127.65 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12 month low of $126.17 and a 12 month high of $409.76. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.74 and a beta of 0.94. The business has a fifty day simple moving average of $153.58 and a 200-day simple moving average of $182.29.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts predict that Gartner, Inc. will post 13.67 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on IT. Royal Bank Of Canada cut their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Barclays cut their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Wells Fargo & Company reduced their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.10.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.