Eukles Asset Management Purchases 318 Shares of Gartner, Inc. $IT

Eukles Asset Management increased its position in Gartner, Inc. (NYSE:IT) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,232 shares of the information technology services provider’s stock after purchasing an additional 318 shares during the period. Gartner makes up 1.4% of Eukles Asset Management’s investment portfolio, making the stock its 25th largest holding. Eukles Asset Management’s holdings in Gartner were worth $3,328,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IT. Wealth Enhancement Advisory Services LLC boosted its stake in Gartner by 22.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,964 shares of the information technology services provider’s stock valued at $13,995,000 after purchasing an additional 6,352 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of Gartner by 10.1% in the second quarter. State of Michigan Retirement System now owns 22,947 shares of the information technology services provider’s stock valued at $9,276,000 after purchasing an additional 2,100 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Gartner by 10.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,433 shares of the information technology services provider’s stock valued at $5,026,000 after buying an additional 1,150 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Gartner by 154.4% during the second quarter. Pallas Capital Advisors LLC now owns 3,445 shares of the information technology services provider’s stock worth $1,393,000 after buying an additional 2,091 shares in the last quarter. Finally, Abacus FCF Advisors LLC grew its holdings in Gartner by 534.6% during the second quarter. Abacus FCF Advisors LLC now owns 36,889 shares of the information technology services provider’s stock worth $14,911,000 after buying an additional 31,076 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other Gartner news, Director Jose M. Gutierrez bought 417 shares of Gartner stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the transaction, the director directly owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares in the company, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.60% of the stock is owned by company insiders.

Gartner Price Performance

Shares of NYSE IT opened at $226.21 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. Gartner, Inc. has a fifty-two week low of $222.54 and a fifty-two week high of $584.01. The stock has a market cap of $17.13 billion, a PE ratio of 13.92 and a beta of 1.19. The stock has a fifty day moving average of $248.59 and a 200-day moving average of $330.11.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. Gartner has set its FY 2025 guidance at 12.650- EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IT. Wells Fargo & Company lowered their target price on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday. Truist Financial assumed coverage on shares of Gartner in a research report on Thursday, October 16th. They issued a “buy” rating and a $300.00 price objective for the company. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. BMO Capital Markets cut their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, UBS Group reduced their target price on Gartner from $280.00 to $256.00 and set a “neutral” rating for the company in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average target price of $311.67.

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.