Hantz Financial Services Inc. Lowers Stake in Gartner, Inc. $IT

Hantz Financial Services Inc. lessened its holdings in Gartner, Inc. (NYSE:IT) by 90.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,925 shares of the information technology services provider’s stock after selling 18,248 shares during the quarter. Hantz Financial Services Inc.’s holdings in Gartner were worth $506,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IT. Norges Bank acquired a new stake in Gartner in the second quarter valued at approximately $394,133,000. AQR Capital Management LLC grew its stake in Gartner by 304.5% in the 2nd quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock valued at $266,860,000 after acquiring an additional 496,957 shares during the period. Sustainable Growth Advisers LP increased its holdings in Gartner by 71.7% in the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after acquiring an additional 485,188 shares in the last quarter. Pacer Advisors Inc. raised its position in Gartner by 150.6% during the third quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock worth $187,230,000 after acquiring an additional 428,089 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in Gartner by 98.6% during the second quarter. Qube Research & Technologies Ltd now owns 682,062 shares of the information technology services provider’s stock valued at $275,703,000 after purchasing an additional 338,615 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 2.8%

Shares of IT stock opened at $156.29 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $535.94. The company’s 50-day moving average price is $231.12 and its 200-day moving average price is $245.53. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 16.20 and a beta of 1.06.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 83.48% and a net margin of 11.22%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the firm earned $5.45 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays cut their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial cut their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. UBS Group set a $180.00 target price on Gartner in a report on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $190.70.

Insider Buying and Selling at Gartner

In other Gartner news, SVP John J. Rinello sold 220 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. This trade represents a 6.74% 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 Stephen G. Pagliuca purchased 43,300 shares of Gartner stock in a transaction dated 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 completion of the purchase, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their position. The SEC filing for this purchase provides additional information. 2.30% of the stock is currently owned by corporate insiders.

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.