Fifth Third Wealth Advisors LLC Reduces Stock Position in Gartner, Inc. $IT

Fifth Third Wealth Advisors LLC decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 614 shares of the information technology services provider’s stock after selling 41 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Gartner were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Gartner by 103.3% during the second quarter. IFP Advisors Inc now owns 681 shares of the information technology services provider’s stock worth $275,000 after buying an additional 346 shares during the period. Callan Family Office LLC boosted its stake in shares of Gartner by 145.7% during the second quarter. Callan Family Office LLC now owns 2,462 shares of the information technology services provider’s stock worth $995,000 after buying an additional 1,460 shares during the period. Copperwynd Financial LLC boosted its stake in shares of Gartner by 6.9% during the second quarter. Copperwynd Financial LLC now owns 2,332 shares of the information technology services provider’s stock worth $943,000 after buying an additional 150 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Gartner by 3.3% during the second quarter. Maryland State Retirement & Pension System now owns 3,641 shares of the information technology services provider’s stock worth $1,472,000 after buying an additional 118 shares during the period. Finally, Lansing Street Advisors lifted its position in Gartner by 73.7% in the second quarter. Lansing Street Advisors now owns 1,176 shares of the information technology services provider’s stock valued at $475,000 after purchasing an additional 499 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

In other news, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction on Monday, August 18th. The shares were purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the acquisition, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was 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 $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 2.5%

Shares of NYSE IT opened at $245.46 on Tuesday. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The firm has a fifty day moving average of $247.13 and a 200-day moving average of $349.22. The stock has a market capitalization of $18.59 billion, a PE ratio of 15.11 and a beta of 1.20. 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 announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. 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 for the company. Barclays reduced their price objective on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Gartner in a research report on Wednesday, October 8th. Morgan Stanley set a $307.00 price objective on shares of Gartner in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $356.89.

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.