Gartner, Inc. $IT Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in Gartner, Inc. (NYSE:IT) by 39.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,698 shares of the information technology services provider’s stock after acquiring an additional 15,867 shares during the period. Oppenheimer Asset Management Inc. owned about 0.07% of Gartner worth $22,514,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ransom Advisory Ltd bought a new position in Gartner in the first quarter worth about $29,000. Olde Wealth Management LLC bought a new position in Gartner in the first quarter worth about $42,000. GW&K Investment Management LLC raised its holdings in shares of Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Gartner during the first quarter valued at approximately $55,000. Finally, Bayforest Capital Ltd raised its holdings in shares of Gartner by 527.3% during the first 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 during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 0.2%

NYSE IT opened at $250.40 on Friday. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20. The firm’s 50 day moving average price is $248.73 and its two-hundred day moving average price is $340.05.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company posted $3.22 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In other Gartner news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction 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 owned 3,225 shares of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jose M. Gutierrez bought 417 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, with a total value of $99,996.60. Following 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. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on IT shares. Royal Bank Of Canada started coverage on Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price on the stock. Truist Financial started coverage on Gartner in a report on Thursday, October 16th. They set a “buy” rating and a $300.00 target price on the stock. Morgan Stanley set a $307.00 target price on Gartner in a report on Monday, October 13th. BMO Capital Markets dropped their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Finally, UBS Group boosted their target price on Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Four 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. Based on data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus target price of $346.20.

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.