12,076 Shares in Gartner, Inc. $IT Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. bought a new position in shares of Gartner, Inc. (NYSE:IT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,076 shares of the information technology services provider’s stock, valued at approximately $3,174,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC bought a new stake in Gartner during the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner in the 2nd quarter valued at about $336,000. Fifth Third Bancorp boosted its holdings in shares of Gartner by 11.7% in the 2nd quarter. Fifth Third Bancorp now owns 2,941 shares of the information technology services provider’s stock valued at $1,189,000 after buying an additional 308 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Gartner by 21.7% in the 2nd quarter. Ballentine Partners LLC now owns 589 shares of the information technology services provider’s stock worth $238,000 after buying an additional 105 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new position in shares of Gartner during the 2nd quarter worth approximately $214,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IT. Truist Financial set a $300.00 price target on shares of Gartner in a report on Wednesday, November 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research report on Thursday. Wells Fargo & Company reduced their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. William Blair reissued an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, UBS Group boosted their price target on Gartner from $256.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $309.67.

Insiders Place Their Bets

In other Gartner news, Director Stephen G. Pagliuca purchased 43,300 shares of Gartner stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director owned 111,613 shares of the company’s stock, valued at $25,622,996.41. This represents a 63.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 367 shares of the company’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 completion of the sale, the executive vice president directly owned 4,074 shares in the company, valued at $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is currently owned by insiders.

Gartner Stock Performance

Shares of IT opened at $231.69 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day moving average of $238.19 and a two-hundred day moving average of $257.65. The stock has a market cap of $16.70 billion, a P/E ratio of 20.32 and a beta of 1.07. Gartner, Inc. has a one year low of $221.16 and a one year high of $584.01.

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

About Gartner

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.