Pacer Advisors Inc. cut its holdings in Gartner, Inc. (NYSE:IT – Free Report) by 56.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 308,071 shares of the information technology services provider’s stock after selling 404,181 shares during the period. Pacer Advisors Inc. owned about 0.44% of Gartner worth $77,720,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of IT. Physician Wealth Advisors Inc. lifted its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. DV Equities LLC bought a new position in shares of Gartner during the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its holdings in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $26,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $28,000. Institutional investors own 91.51% of the company’s stock.
Wall Street Analyst Weigh In
IT has been the subject of a number of analyst reports. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. Royal Bank Of Canada dropped their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley cut their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Barclays reduced their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $176.10.
Gartner Stock Performance
Shares of NYSE IT opened at $127.65 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a 50 day simple moving average of $153.58 and a 200-day simple moving average of $182.29. The company has a market cap of $8.55 billion, a PE ratio of 12.61, a P/E/G ratio of 0.74 and a beta of 0.94. Gartner, Inc. has a 12-month low of $126.17 and a 12-month high of $409.76.
Gartner (NYSE:IT – Get Free Report) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 13.67 EPS for the current year.
Gartner Company Profile
Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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