Bollard Group LLC Has $147.29 Million Stock Holdings in Gartner, Inc. $IT

Bollard Group LLC raised its stake in Gartner, Inc. (NYSE:IT) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,389 shares of the information technology services provider’s stock after buying an additional 6,552 shares during the period. Gartner comprises about 3.4% of Bollard Group LLC’s investment portfolio, making the stock its 6th biggest position. Bollard Group LLC owned 0.47% of Gartner worth $147,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IT. Addison Advisors LLC bought a new position in Gartner in the second quarter valued at $27,000. Ransom Advisory Ltd purchased a new position in shares of Gartner in the 1st quarter worth about $29,000. Chilton Capital Management LLC bought a new position in shares of Gartner during the 2nd quarter valued at about $47,000. Bayforest Capital Ltd raised its holdings in shares of Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 116 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in Gartner in the 1st quarter worth approximately $69,000. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the transaction, the executive vice president directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 220 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total transaction of $50,505.40. Following the completion of the sale, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This represents a 6.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IT has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on shares of Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 target price on the stock. Wolfe Research began coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their price target on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research report on Wednesday, November 5th. Finally, Truist Financial set a $300.00 price objective on Gartner in a report on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $311.67.

Gartner Price Performance

Shares of Gartner stock opened at $229.67 on Friday. The company’s fifty day simple moving average is $239.90 and its two-hundred day simple moving average is $300.17. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The firm has a market cap of $16.55 billion, a PE ratio of 20.15 and a beta of 1.08. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner had a net margin of 13.71% and a return on equity of 92.12%. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

About Gartner

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.