Focus Partners Advisor Solutions LLC Purchases 698 Shares of Gartner, Inc. $IT

Focus Partners Advisor Solutions LLC raised its position in Gartner, Inc. (NYSE:IT) by 88.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,484 shares of the information technology services provider’s stock after acquiring an additional 698 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Gartner were worth $600,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Applied Finance Capital Management LLC lifted its stake in Gartner by 1.5% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock valued at $816,000 after acquiring an additional 29 shares in the last quarter. Allworth Financial LP lifted its stake in Gartner by 5.6% in the 1st quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock valued at $235,000 after acquiring an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Gartner by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after acquiring an additional 31 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Gartner by 2.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock valued at $539,000 after acquiring an additional 34 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its position in shares of Gartner by 1.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 2,324 shares of the information technology services provider’s stock worth $975,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IT. BMO Capital Markets lowered their price target on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Royal Bank Of Canada began coverage on Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price target on the stock. Wolfe Research began coverage on Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Finally, Weiss Ratings lowered 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, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $346.80.

Gartner Stock Down 1.2%

IT stock opened at $249.79 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $18.92 billion, a PE ratio of 15.37 and a beta of 1.20. Gartner, Inc. has a 1-year low of $223.65 and a 1-year high of $584.01. The business’s 50 day simple moving average is $249.39 and its 200 day simple moving average is $336.51.

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

Insider Buying and Selling at Gartner

In related news, Director Jose M. Gutierrez bought 417 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was purchased at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the transaction, the director owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.30% of the company’s stock.

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.