Whittier Trust Co. Has $100,000 Position in Gartner, Inc. $IT

Whittier Trust Co. reduced its position in shares of Gartner, Inc. (NYSE:IT) by 27.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248 shares of the information technology services provider’s stock after selling 95 shares during the quarter. Whittier Trust Co.’s holdings in Gartner were worth $100,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ransom Advisory Ltd acquired a new stake in Gartner during the 1st quarter valued at $29,000. Olde Wealth Management LLC acquired a new stake in Gartner during the 1st quarter valued at $42,000. GW&K Investment Management LLC raised its stake in 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 during the period. Wayfinding Financial LLC purchased a new stake in shares of Gartner during the first quarter worth $55,000. Finally, Bayforest Capital Ltd raised its holdings in shares of Gartner by 527.3% during the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 116 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Down 0.2%

IT stock opened at $250.40 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner, Inc. has a 52-week low of $223.65 and a 52-week high of $584.01. The company has a 50-day moving average of $248.73 and a two-hundred day moving average of $340.30. The stock has a market capitalization of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $3.22 earnings per share. The business’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, equities research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In other Gartner news, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jose M. Gutierrez bought 417 shares of Gartner stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director owned 2,080 shares of the company’s stock, valued at $498,784. This trade represents a 25.08% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays set a $270.00 price objective on Gartner and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada assumed coverage on Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gartner in a report on Wednesday, October 8th. William Blair reiterated an “outperform” rating on shares of Gartner in a report on Tuesday. Finally, Wolfe Research initiated coverage on Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating for the company. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $346.20.

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.