Illinois Municipal Retirement Fund Trims Position in Gartner, Inc. $IT

Illinois Municipal Retirement Fund decreased its holdings in Gartner, Inc. (NYSE:IT) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,744 shares of the information technology services provider’s stock after selling 8,039 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Gartner were worth $8,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IT. Addison Advisors LLC bought a new position in Gartner in the 2nd quarter worth $27,000. Chilton Capital Management LLC purchased a new position in shares of Gartner during the second quarter valued at about $47,000. Osterweis Capital Management Inc. purchased a new position in shares of Gartner during the second quarter valued at about $48,000. True Wealth Design LLC raised its stake in Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after buying an additional 147 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Gartner by 1,284.6% in the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after buying an additional 167 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 3.3%

Shares of NYSE:IT opened at $158.63 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. The stock has a fifty day simple moving average of $223.92 and a two-hundred day simple moving average of $239.44. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $519.37. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 16.44 and a beta of 1.06.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada set a $175.00 price objective on Gartner in a research report on Wednesday, February 4th. William Blair restated an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research note on Wednesday, February 4th. Barclays lowered their price objective on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $190.70.

Insider Activity

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $84,982.52. Following the transaction, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.30% of the company’s stock.

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.