American Century Companies Inc. Acquires 4,846 Shares of Gartner, Inc. $IT

American Century Companies Inc. raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,547 shares of the information technology services provider’s stock after acquiring an additional 4,846 shares during the quarter. American Century Companies Inc. owned about 0.45% of Gartner worth $140,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. grew its stake in Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock valued at $447,751,000 after acquiring an additional 932,077 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Gartner by 71.7% in the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after purchasing an additional 485,188 shares during the period. Nuveen LLC purchased a new stake in shares of Gartner in the first quarter worth $128,318,000. JPMorgan Chase & Co. boosted its stake in Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock valued at $522,813,000 after buying an additional 211,842 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in Gartner by 1,381.7% during the second quarter. Westfield Capital Management Co. LP now owns 212,927 shares of the information technology services provider’s stock worth $86,069,000 after buying an additional 198,557 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $229.93 on Tuesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner, Inc. has a 1 year low of $222.54 and a 1 year high of $584.01. The company’s 50-day moving average is $244.70 and its 200 day moving average is $312.73. The stock has a market capitalization of $16.57 billion, a P/E ratio of 14.15 and a beta of 1.19.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Royal Bank Of Canada began coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target on the stock. UBS Group lowered their price objective on shares of Gartner from $280.00 to $256.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Barclays reduced their target price on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group reduced their price objective on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average price target of $311.67.

Gartner Company 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.