SG Americas Securities LLC Sells 9,937 Shares of Gartner, Inc. $IT

SG Americas Securities LLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 31.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 21,186 shares of the information technology services provider’s stock after selling 9,937 shares during the quarter. SG Americas Securities LLC’s holdings in Gartner were worth $5,569,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of IT. Addison Advisors LLC acquired a new stake in shares of Gartner in the 2nd quarter valued at approximately $27,000. Chilton Capital Management LLC acquired a new position in Gartner during the 2nd quarter worth approximately $47,000. Osterweis Capital Management Inc. bought a new position in Gartner in the 2nd quarter valued at approximately $48,000. Bayforest Capital Ltd boosted its position in Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 116 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 0.4%

Shares of NYSE:IT opened at $247.89 on Friday. The firm has a market cap of $17.87 billion, a P/E ratio of 21.75 and a beta of 1.07. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The business has a fifty day simple moving average of $237.90 and a 200 day simple moving average of $269.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Activity at Gartner

In other news, Director Stephen G. Pagliuca acquired 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The shares were bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the purchase, the director owned 111,613 shares in the company, valued at $25,622,996.41. This trade represents a 63.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Claire Herkes sold 367 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. William Blair reaffirmed an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Morgan Stanley dropped their target price on Gartner from $281.00 to $275.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. UBS Group lifted their price target on Gartner from $256.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group reduced their price target on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $309.67.

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.