Gartner, Inc. $IT Shares Sold by National Pension Service

National Pension Service trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 81.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,042 shares of the information technology services provider’s stock after selling 98,819 shares during the period. National Pension Service’s holdings in Gartner were worth $5,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IT. Physician Wealth Advisors Inc. increased its holdings in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Rakuten Securities Inc. increased its holdings 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 worth $26,000 after buying an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner during the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of Gartner during the 4th quarter worth $28,000. Finally, Activest Wealth Management increased its holdings in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after buying an additional 116 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Up 10.9%

Shares of NYSE IT opened at $179.87 on Tuesday. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $434.12. The company has a market cap of $12.04 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.89 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a fifty day moving average price of $154.58 and a 200 day moving average price of $189.38.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Truist Financial dropped their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada dropped 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. Wells Fargo & Company dropped their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Finally, Morgan Stanley dropped their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $176.70.

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.