Gartner, Inc. $IT Position Increased by Merit Financial Group LLC

Merit Financial Group LLC raised its position in Gartner, Inc. (NYSE:IT) by 122.3% during the third quarter, HoldingsChannel.com reports. The firm owned 5,682 shares of the information technology services provider’s stock after buying an additional 3,126 shares during the quarter. Merit Financial Group LLC’s holdings in Gartner were worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Gartner during the 3rd quarter valued at about $8,557,000. Abacus FCF Advisors LLC raised its position in Gartner by 2.9% during the third quarter. Abacus FCF Advisors LLC now owns 37,969 shares of the information technology services provider’s stock valued at $9,981,000 after acquiring an additional 1,080 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Gartner by 122.4% in the third quarter. Sivia Capital Partners LLC now owns 1,846 shares of the information technology services provider’s stock valued at $485,000 after acquiring an additional 1,016 shares during the last quarter. waypoint wealth counsel bought a new stake in Gartner in the third quarter worth approximately $235,000. Finally, Pure Financial Advisors LLC increased its stake in shares of Gartner by 6.1% during the 3rd quarter. Pure Financial Advisors LLC now owns 2,386 shares of the information technology services provider’s stock worth $627,000 after purchasing an additional 138 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the purchase, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction 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 transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.30% of the stock is owned by company insiders.

Gartner Trading Down 6.0%

Shares of NYSE:IT opened at $237.12 on Monday. 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’s 50-day moving average is $238.51 and its 200-day moving average is $273.89. The company has a market cap of $17.09 billion, a P/E ratio of 20.80 and a beta of 1.07. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01.

Gartner (NYSE:IT) last announced its 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. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IT shares. UBS Group set a $256.00 price objective on shares of Gartner and gave the company a “neutral” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group reduced their price target on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Wells Fargo & Company lowered their price objective on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada started coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $308.11.

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.