Yousif Capital Management LLC Has $3.75 Million Position in Gartner, Inc. $IT

Yousif Capital Management LLC cut its holdings in Gartner, Inc. (NYSE:IT) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,273 shares of the information technology services provider’s stock after selling 69 shares during the period. Yousif Capital Management LLC’s holdings in Gartner were worth $3,748,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ransom Advisory Ltd acquired a new stake in Gartner during the first quarter worth about $29,000. Olde Wealth Management LLC bought a new position in Gartner in the 1st quarter valued at approximately $42,000. GW&K Investment Management LLC raised its holdings in Gartner by 210.8% in 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 buying an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new position in Gartner in the 1st quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd raised its holdings in Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jose M. Gutierrez purchased 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was bought 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 $498,784. The trade was a 25.08% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IT. 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. UBS Group raised their price objective on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Wolfe Research began coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating for the company. BMO Capital Markets reduced their price objective on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gartner in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $356.89.

Gartner Price Performance

Shares of NYSE:IT opened at $236.75 on Thursday. 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 stock’s fifty day simple moving average is $247.04 and its two-hundred day simple moving average is $347.74. Gartner, Inc. has a 1-year low of $223.65 and a 1-year high of $584.01. The stock has a market cap of $17.93 billion, a PE ratio of 14.57 and a beta of 1.20.

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

Gartner Company 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.