Orion Porfolio Solutions LLC Sells 4,542 Shares of Gartner, Inc. $IT

Orion Porfolio Solutions LLC trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 18.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,815 shares of the information technology services provider’s stock after selling 4,542 shares during the period. Orion Porfolio Solutions LLC’s holdings in Gartner were worth $5,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allianz Asset Management GmbH grew its position in Gartner by 28.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after purchasing an additional 27,497 shares during the period. Madison Asset Management LLC lifted its holdings in shares of Gartner by 1.8% during the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares during the period. Aviva PLC lifted its holdings in shares of Gartner by 6.1% during the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock valued at $23,671,000 after buying an additional 3,390 shares during the period. Weitz Investment Management Inc. boosted its stake in shares of Gartner by 22.1% in the 3rd quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock worth $28,226,000 after buying an additional 19,450 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. purchased a new position in shares of Gartner in the 3rd quarter worth $1,581,000. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of Gartner stock opened at $169.02 on Friday. Gartner, Inc. has a one year low of $139.18 and a one year high of $485.33. The stock’s fifty day moving average is $198.32 and its 200 day moving average is $227.60. The stock has a market cap of $11.91 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.Gartner’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling at Gartner

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the purchase, the director owned 111,613 shares in the company, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research reports. Robert W. Baird set a $240.00 price objective on Gartner in a research report on Wednesday, February 4th. Barclays dropped their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price target on shares of Gartner in a research report on Thursday, February 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Gartner currently has a consensus rating of “Hold” and an average price target of $190.70.

Gartner 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.