American Century Companies Inc. Has $23.39 Million Stock Holdings in Gartner, Inc. $IT

American Century Companies Inc. decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 74.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,970 shares of the information technology services provider’s stock after selling 258,577 shares during the period. American Century Companies Inc. owned 0.12% of Gartner worth $23,388,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Addison Advisors LLC acquired a new position in shares of Gartner during the 2nd quarter valued at $27,000. True Wealth Design LLC boosted its position in shares of Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 147 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 167 shares during the period. Osterweis Capital Management Inc. bought a new position in Gartner in the second quarter worth approximately $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Gartner in the third quarter worth approximately $58,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 1.4%

Shares of NYSE:IT opened at $166.65 on Tuesday. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $476.35. The company has a market capitalization of $11.74 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The business has a fifty day moving average price of $196.58 and a two-hundred day moving average price of $226.94. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $5.45 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 price objective on Gartner in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $240.00 price target on Gartner in a report on Wednesday, February 4th. 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. According to MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus price target of $190.70.

Insiders Place Their Bets

In other news, Director Stephen G. Pagliuca acquired 43,300 shares of Gartner stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.60% 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.