Stephen Pagliuca Purchases 43,300 Shares of Gartner (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) Director Stephen Pagliuca purchased 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the transaction, the director directly owned 111,613 shares of the company’s stock, valued at $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gartner Stock Up 0.4%

IT traded up $0.97 on Friday, reaching $233.63. 901,879 shares of the company traded hands, compared to its average volume of 952,892. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 20.49 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The stock’s 50 day moving average price is $237.64 and its 200-day moving average price is $295.27. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01.

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

Institutional Investors Weigh In On Gartner

Several large investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in Gartner in the 4th quarter worth $309,000. Callan Family Office LLC lifted its holdings in shares of Gartner by 9.9% in the first quarter. Callan Family Office LLC now owns 1,002 shares of the information technology services provider’s stock valued at $421,000 after purchasing an additional 90 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Gartner by 105.0% during the first quarter. Russell Investments Group Ltd. now owns 101,946 shares of the information technology services provider’s stock worth $42,773,000 after buying an additional 52,218 shares during the period. National Pension Service boosted its position in shares of Gartner by 9.8% during the first quarter. National Pension Service now owns 114,427 shares of the information technology services provider’s stock worth $48,030,000 after buying an additional 10,168 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Gartner by 2.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 17,566 shares of the information technology services provider’s stock worth $7,373,000 after buying an additional 500 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IT. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Truist Financial set a $300.00 price objective on shares of Gartner in a research report on Wednesday, November 26th. BMO Capital Markets decreased their target price on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group dropped their price target on shares of Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note on Wednesday, November 5th. Four investment 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $311.67.

About Gartner

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.