Gartner, Inc. $IT is Bollard Group LLC’s 9th Largest Position

Bollard Group LLC cut its holdings in Gartner, Inc. (NYSE:IT) by 10.5% in the fourth quarter, Holdings Channel reports. The fund owned 269,744 shares of the information technology services provider’s stock after selling 31,603 shares during the quarter. Gartner accounts for approximately 1.7% of Bollard Group LLC’s portfolio, making the stock its 9th largest position. Bollard Group LLC’s holdings in Gartner were worth $68,051,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IT. Brighton Jones LLC purchased a new stake in Gartner in the fourth quarter worth about $309,000. Sivia Capital Partners LLC bought a new position in Gartner in the second quarter worth about $336,000. Cresset Asset Management LLC raised its holdings in Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares in the last quarter. Sei Investments Co. raised its holdings in Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on IT. Morgan Stanley reduced their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company reduced their target price on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Two investment 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 MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $176.10.

Gartner Price Performance

Shares of IT stock opened at $148.07 on Friday. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $413.26. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.81 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $155.07 and its 200-day simple moving average is $185.30.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $2.98 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Gartner Company 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.