TimesSquare Capital Management LLC Has $89.69 Million Holdings in Gartner, Inc. $IT

TimesSquare Capital Management LLC increased its stake in shares of Gartner, Inc. (NYSE:IT) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,884 shares of the information technology services provider’s stock after acquiring an additional 4,075 shares during the period. Gartner comprises about 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 22nd largest position. TimesSquare Capital Management LLC owned about 0.29% of Gartner worth $89,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Gartner by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock valued at $3,959,596,000 after purchasing an additional 164,810 shares during the period. Generation Investment Management LLP grew its holdings in shares of Gartner by 16.5% during the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after buying an additional 189,514 shares in the last quarter. JPMorgan Chase & Co. raised its position in Gartner by 20.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock valued at $522,813,000 after buying an additional 211,842 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Gartner by 692.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after acquiring an additional 932,077 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Gartner by 11.0% during the 1st quarter. Northern Trust Corp now owns 1,006,655 shares of the information technology services provider’s stock worth $422,533,000 after acquiring an additional 99,822 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 1.1%

IT opened at $231.23 on Wednesday. The stock’s fifty day simple moving average is $247.33 and its 200 day simple moving average is $325.28. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01. The stock has a market cap of $17.51 billion, a PE ratio of 14.23 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on IT shares. Truist Financial started coverage on shares of Gartner in a report on Thursday, October 16th. They issued a “buy” rating and a $300.00 price objective on the stock. Wolfe Research began coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. UBS Group decreased their price objective on Gartner from $280.00 to $256.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company dropped their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $311.67.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jose M. Gutierrez acquired 417 shares of Gartner stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $239.80 per share, with a total value of $99,996.60. Following the acquisition, 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 ownership of the stock. The SEC filing for this purchase provides additional information. 2.30% of the stock is owned by corporate insiders.

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.