Vise Technologies Inc. Acquires Shares of 2,774 Gartner, Inc. $IT

Vise Technologies Inc. purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,774 shares of the information technology services provider’s stock, valued at approximately $1,121,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC acquired a new stake in shares of Gartner during the second quarter worth $27,000. Ransom Advisory Ltd bought a new position in Gartner in the 1st quarter valued at about $29,000. Chilton Capital Management LLC purchased a new position in Gartner in the second quarter valued at approximately $47,000. GW&K Investment Management LLC grew its position in shares of Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 78 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its stake in shares of Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

NYSE:IT traded up $1.88 on Thursday, reaching $232.01. The stock had a trading volume of 28,753 shares, compared to its average volume of 953,650. The stock has a fifty day moving average price of $246.99 and a 200-day moving average price of $324.62. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01. The company has a market capitalization of $17.57 billion, a P/E ratio of 14.26 and a beta of 1.19. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

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

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the company’s stock in a transaction on Monday, August 18th. The shares were acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. The trade was a 25.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

IT has been the subject of several research analyst reports. Royal Bank Of Canada initiated coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price objective for the company. Weiss Ratings lowered shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wolfe Research began coverage on shares of Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating for the company. Wells Fargo & Company reduced their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. Finally, William Blair reissued an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and a consensus target price of $311.67.

Gartner 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.