New York State Teachers Retirement System Sells 1,330 Shares of Gartner, Inc. $IT

New York State Teachers Retirement System decreased its position in Gartner, Inc. (NYSE:IT) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 66,235 shares of the information technology services provider’s stock after selling 1,330 shares during the period. New York State Teachers Retirement System’s holdings in Gartner were worth $26,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IT. Ransom Advisory Ltd bought a new position in shares of Gartner in the first quarter worth approximately $29,000. Olde Wealth Management LLC bought a new position in shares of Gartner in the first quarter worth approximately $42,000. GW&K Investment Management LLC grew its holdings in shares of 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 worth $48,000 after purchasing an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Gartner in the first quarter worth approximately $55,000. Finally, Bayforest Capital Ltd grew its holdings in shares of Gartner by 527.3% in the first 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. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of Gartner stock opened at $235.63 on Friday. 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 has a market capitalization of $17.85 billion, a P/E ratio of 14.50 and a beta of 1.20. The business has a fifty day simple moving average of $247.30 and a two-hundred day simple moving average of $345.25. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on IT shares. Royal Bank Of Canada initiated coverage on Gartner in a research note on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target for the company. BMO Capital Markets dropped their price target on Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. The Goldman Sachs Group dropped their price target on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. UBS Group raised their price target on Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Barclays dropped their price target on Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Four 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 company. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $351.20.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the firm’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 of the company’s stock, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jose M. Gutierrez acquired 417 shares of the stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of $239.80 per share, with a total value of $99,996.60. Following the transaction, the director directly owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

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.