ING Groep NV lessened its stake in shares of Gartner, Inc. (NYSE:IT – Free Report) by 61.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,215 shares of the information technology services provider’s stock after selling 53,776 shares during the period. ING Groep NV’s holdings in Gartner were worth $8,379,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in shares of Gartner by 143.9% during the 4th 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 period. Rakuten Securities Inc. raised its holdings in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares during the period. Entrust Financial LLC purchased a new position in shares of Gartner during the 4th quarter worth $26,000. Elyxium Wealth LLC purchased a new position in shares of Gartner during the 4th quarter worth $28,000. Finally, Activest Wealth Management raised its holdings in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Wall Street Analysts Forecast Growth
IT has been the topic of several analyst reports. Morgan Stanley reduced their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. UBS Group lifted their price target on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $176.70.
Gartner Stock Up 0.0%
Shares of IT opened at $164.09 on Monday. The firm has a market cap of $10.99 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $430.19. The company’s 50-day moving average price is $155.37 and its 200 day moving average price is $187.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.
Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (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 analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. Gartner’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.
About Gartner
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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