Federated Hermes Inc. Has $87,000 Position in Gartner, Inc. $IT

Federated Hermes Inc. decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 99.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330 shares of the information technology services provider’s stock after selling 147,213 shares during the quarter. Federated Hermes Inc.’s holdings in Gartner were worth $87,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Addison Advisors LLC acquired a new stake in Gartner during the second quarter worth about $27,000. True Wealth Design LLC lifted its position in shares of Gartner by 1,130.8% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 147 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Gartner during the 2nd quarter worth approximately $47,000. Versant Capital Management Inc increased its position in shares of Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 167 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Gartner in the second quarter valued at $48,000. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Gartner

In other Gartner news, 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 owned 4,074 shares in the company, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen G. Pagliuca purchased 43,300 shares of the business’s 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 purchase, the director owned 111,613 shares in the company, valued at $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.60% of the stock is owned by corporate insiders.

Gartner Stock Up 2.3%

NYSE IT opened at $159.86 on Tuesday. The stock has a market capitalization of $11.52 billion, a P/E ratio of 16.57 and a beta of 1.06. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $534.49. 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 fifty day moving average of $229.71 and a 200-day moving average of $243.35.

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

Wall Street Analyst Weigh In

IT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research report on Wednesday, February 4th. UBS Group set a $180.00 price objective on Gartner in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on Gartner in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. Finally, Barclays dropped their price objective on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $190.70.

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.