Marks Group Wealth Management Inc Buys 125 Shares of Gartner, Inc. $IT

Marks Group Wealth Management Inc raised its stake in Gartner, Inc. (NYSE:IT) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,792 shares of the information technology services provider’s stock after buying an additional 125 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Gartner were worth $2,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IT. Ransom Advisory Ltd bought a new position in Gartner in the first quarter valued at approximately $29,000. Olde Wealth Management LLC bought a new position in Gartner in the first quarter valued at approximately $42,000. GW&K Investment Management LLC lifted its stake in Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares in the last quarter. Wayfinding Financial LLC bought a new position in Gartner in the first quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd lifted its stake 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. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In related news, Director Jose M. Gutierrez acquired 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were purchased 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 directly owned 2,080 shares in the company, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John J. Rinello sold 105 shares of the company’s 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 completion of the transaction, the senior vice president owned 3,225 shares in the company, valued at approximately $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and issued a $270.00 price objective (down previously from $480.00) on shares of Gartner in a research report on Wednesday, August 6th. Wells Fargo & Company cut their price objective on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Gartner in a research report on Saturday, September 27th. The Goldman Sachs Group cut their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada assumed coverage on shares of Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $357.44.

Gartner Stock Performance

NYSE IT opened at $257.78 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm’s fifty day moving average price is $258.64 and its two-hundred day moving average price is $356.75. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The firm has a market capitalization of $19.52 billion, a P/E ratio of 15.86 and a beta of 1.20.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the firm posted $3.22 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.