PFG Advisors Has $2.38 Million Stock Holdings in Gartner, Inc. $IT

PFG Advisors increased its position in shares of Gartner, Inc. (NYSE:IT) by 16.6% in the second quarter, HoldingsChannel reports. The firm owned 5,892 shares of the information technology services provider’s stock after purchasing an additional 840 shares during the period. PFG Advisors’ holdings in Gartner were worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ransom Advisory Ltd acquired a new stake in shares of Gartner during the first quarter worth approximately $29,000. GW&K Investment Management LLC boosted its holdings in shares of 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 worth $48,000 after acquiring an additional 78 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Gartner during the 2nd quarter worth approximately $47,000. Bayforest Capital Ltd increased 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 purchasing an additional 116 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in Gartner in the 1st quarter valued at $69,000. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 105 shares of Gartner 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 transaction, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, with a total value of $99,996.60. Following the completion of the purchase, the director 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 SEC filing for this purchase provides additional information. Company insiders own 2.30% of the company’s stock.

Gartner Stock Up 1.8%

Shares of Gartner stock opened at $230.44 on Monday. The business has a fifty day simple moving average of $248.17 and a 200 day simple moving average of $327.92. The stock has a market cap of $17.45 billion, a PE ratio of 14.18 and a beta of 1.19. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12 month low of $222.54 and a 12 month high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. Gartner has set its FY 2025 guidance at 12.650- EPS. Research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on IT. The Goldman Sachs Group decreased their target price on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Wolfe Research began coverage on shares of Gartner in a report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Truist Financial assumed coverage on shares of Gartner in a research note on Thursday, October 16th. They issued a “buy” rating and a $300.00 target price for the company. Royal Bank Of Canada assumed coverage on shares of Gartner in a research note on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target on the stock. Finally, BMO Capital Markets reduced their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $311.67.

Gartner 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.