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

Bollard Group LLC grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 364,389 shares of the information technology services provider’s stock after purchasing an additional 6,552 shares during the period. Gartner makes up approximately 3.4% of Bollard Group LLC’s holdings, making the stock its 6th largest position. Bollard Group LLC’s holdings in Gartner were worth $147,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jump Financial LLC raised its stake in Gartner by 415.4% during the second quarter. Jump Financial LLC now owns 27,292 shares of the information technology services provider’s stock valued at $11,032,000 after buying an additional 21,997 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after acquiring an additional 191 shares in the last quarter. Amundi raised its position in shares of Gartner by 47.8% in the 2nd quarter. Amundi now owns 488,268 shares of the information technology services provider’s stock worth $193,081,000 after purchasing an additional 157,978 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Gartner by 27.3% in the 2nd quarter. Baird Financial Group Inc. now owns 89,911 shares of the information technology services provider’s stock worth $36,344,000 after purchasing an additional 19,300 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Gartner by 16.0% during the 2nd quarter. First Trust Advisors LP now owns 415,428 shares of the information technology services provider’s stock valued at $167,924,000 after purchasing an additional 57,278 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Wolfe Research started coverage on shares of Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Barclays reduced their target price on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Morgan Stanley set a $307.00 price target on Gartner in a report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus target price of $311.67.

Insider Activity

In other news, EVP Claire Herkes sold 367 shares of the stock in a transaction that occurred 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 owned 4,074 shares in the company, valued at $943,375.44. This represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the sale, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.30% of the company’s stock.

Gartner Trading Down 1.0%

NYSE:IT opened at $229.67 on Friday. The company has a market cap of $16.55 billion, a PE ratio of 20.15 and a beta of 1.08. 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 company has a 50 day simple moving average of $239.90 and a two-hundred day simple moving average of $300.17. Gartner, Inc. has a 12 month low of $222.54 and a 12 month high of $584.01.

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

Gartner Company Profile

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.