Empowered Funds LLC Acquires New Position in Gartner, Inc. $IT

Empowered Funds LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, HoldingsChannel reports. The firm acquired 21,186 shares of the information technology services provider’s stock, valued at approximately $2,746,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. DV Equities LLC acquired a new position in Gartner in the fourth quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in shares of Gartner during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $28,000. Osterweis Capital Management Inc. bought a new stake in shares of Gartner in the 2nd quarter worth approximately $48,000. Finally, Clearstead Trust LLC boosted its position in Gartner by 351.6% during the 4th quarter. Clearstead Trust LLC now owns 140 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on IT. BMO Capital Markets lowered their price objective on Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. Truist Financial set a $205.00 target price on Gartner in a research note on Wednesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $187.30.

Gartner Stock Performance

Shares of IT stock opened at $186.84 on Thursday. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 0.66 and a beta of 0.96. The business has a 50 day simple moving average of $161.57 and a 200 day simple moving average of $156.95.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $3.53 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 14.42 EPS for the current year.

Insider Activity at Gartner

In related news, EVP Robin B. Kranich sold 3,278 shares of Gartner stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,043 shares of company stock valued at $1,172,858 in the last ninety days. Company insiders own 2.60% of the company’s stock.

About Gartner

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.