Nicholas Company Inc. Has $16.45 Million Stake in Gartner, Inc. $IT

Nicholas Company Inc. lowered its position in Gartner, Inc. (NYSE:IT) by 5.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 40,693 shares of the information technology services provider’s stock after selling 2,390 shares during the period. Nicholas Company Inc. owned 0.05% of Gartner worth $16,449,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Applied Finance Capital Management LLC lifted its position in shares of Gartner by 1.5% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock worth $816,000 after purchasing an additional 29 shares during the period. Allworth Financial LP increased its stake in shares of Gartner by 5.6% in the 1st quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock valued at $235,000 after acquiring an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Gartner by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after acquiring an additional 31 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Gartner by 2.6% during the second quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 34 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its stake in Gartner by 2.8% during the second quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 36 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Gartner in a research note on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price on the stock. Weiss Ratings lowered shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. William Blair restated an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Finally, Morgan Stanley set a $307.00 price target on shares of Gartner in a research note on Monday, October 13th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $346.80.

Gartner Stock Down 0.1%

IT opened at $248.25 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. The company’s 50-day moving average is $249.44 and its 200 day moving average is $334.31. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01. The firm has a market capitalization of $18.80 billion, a P/E ratio of 15.28 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 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 for the quarter, compared to analyst estimates of $1.68 billion. During the same period last year, the firm earned $3.22 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. Research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP John J. Rinello sold 105 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jose M. Gutierrez purchased 417 shares of Gartner stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $239.80 per share, with a total value of $99,996.60. Following the transaction, 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 SEC filing for this purchase provides additional information. 2.30% of the stock is currently owned by corporate insiders.

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.