GAM Holding AG Has $1.39 Million Stock Position in Gartner, Inc. $IT

GAM Holding AG decreased its stake in shares of Gartner, Inc. (NYSE:IT) by 47.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,432 shares of the information technology services provider’s stock after selling 3,160 shares during the quarter. GAM Holding AG’s holdings in Gartner were worth $1,387,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Applied Finance Capital Management LLC increased its holdings in Gartner by 1.5% during the first quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock worth $816,000 after buying an additional 29 shares during the last quarter. Allworth Financial LP increased its holdings in Gartner by 5.6% during the first quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock worth $235,000 after buying an additional 30 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Gartner by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock worth $697,000 after purchasing an additional 31 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Gartner by 2.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after purchasing an additional 34 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its stake in shares of Gartner by 2.8% during the 2nd quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $507,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Morgan Stanley set a $307.00 target price on Gartner in a report on Monday, October 13th. Barclays set a $270.00 target price on Gartner and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $346.80.

Insider Buying and Selling

In related news, SVP John J. Rinello sold 105 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jose M. Gutierrez purchased 417 shares of Gartner stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the transaction, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.30% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $248.25 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $249.44 and its two-hundred day moving average price is $334.79. Gartner, Inc. has a one year low of $223.65 and a one year high of $584.01. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 15.28 and a beta of 1.20.

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

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.