Janney Montgomery Scott LLC Purchases 217 Shares of Gartner, Inc. $IT

Janney Montgomery Scott LLC grew its holdings in Gartner, Inc. (NYSE:IT) by 2.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,717 shares of the information technology services provider’s stock after buying an additional 217 shares during the period. Janney Montgomery Scott LLC’s holdings in Gartner were worth $3,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ransom Advisory Ltd purchased a new position in shares of Gartner in the 1st quarter worth $29,000. Olde Wealth Management LLC bought a new stake in shares of Gartner in the 1st quarter worth about $42,000. GW&K Investment Management LLC lifted its holdings in shares of Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Gartner in the 1st quarter worth about $55,000. Finally, Bayforest Capital Ltd lifted its holdings in shares of Gartner by 527.3% in the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 116 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IT shares. Morgan Stanley lowered their target price on shares of Gartner from $455.00 to $322.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Royal Bank Of Canada assumed coverage on shares of Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective for the company. UBS Group lifted their price objective on shares of Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company cut their target price on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group cut their target price on shares of Gartner from $535.00 to $457.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $358.56.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 105 shares of the business’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 completion of the transaction, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of Gartner stock in a transaction on Monday, August 18th. The shares were bought at an average price of $239.80 per share, with a total value of $99,996.60. Following the completion of the transaction, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. This trade represents a 25.08% increase in their position. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Gartner Stock Down 4.2%

NYSE:IT opened at $245.57 on Wednesday. The company has a market cap of $18.60 billion, a PE ratio of 15.11 and a beta of 1.20. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01. 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 company’s 50 day moving average is $254.62 and its two-hundred day moving average is $354.77.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm earned $3.22 EPS. Gartner’s revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. Analysts anticipate 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.