Illinois Municipal Retirement Fund Trims Stock Holdings in Gartner, Inc. $IT

Illinois Municipal Retirement Fund decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,783 shares of the information technology services provider’s stock after selling 920 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Gartner were worth $16,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ransom Advisory Ltd purchased a new position in shares of Gartner in the first quarter valued at $29,000. GW&K Investment Management LLC lifted its holdings 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 worth $48,000 after purchasing an additional 78 shares in the last quarter. Chilton Capital Management LLC bought a new position in Gartner in the 2nd quarter worth about $47,000. Bayforest Capital Ltd grew 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 valued at $58,000 after buying an additional 116 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Gartner during the first quarter valued at about $69,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 1.8%

Shares of NYSE IT opened at $230.44 on Monday. The stock has a market capitalization of $17.45 billion, a P/E ratio of 14.18 and a beta of 1.19. Gartner, Inc. has a one year low of $222.54 and a one year high of $584.01. The firm’s 50 day simple moving average is $248.17 and its two-hundred day simple moving average is $327.92. 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 (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 105 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jose M. Gutierrez purchased 417 shares of the firm’s stock in a transaction 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 purchase, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Gartner in a research report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Truist Financial initiated coverage on shares of Gartner in a report on Thursday, October 16th. They issued a “buy” rating and a $300.00 price target for the company. The Goldman Sachs Group decreased their price target on shares of Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. William Blair reiterated an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Finally, Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Gartner currently has an average rating of “Hold” and an average target price of $311.67.

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.