SG Americas Securities LLC Has $5.57 Million Stake in Gartner, Inc. $IT

SG Americas Securities LLC cut its stake in Gartner, Inc. (NYSE:IT) by 31.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,186 shares of the information technology services provider’s stock after selling 9,937 shares during the quarter. SG Americas Securities LLC’s holdings in Gartner were worth $5,569,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC bought a new stake in Gartner during the 4th quarter worth approximately $309,000. SCS Capital Management LLC acquired a new position in shares of Gartner in the first quarter valued at approximately $285,000. Bayforest Capital Ltd increased its position in shares of Gartner by 527.3% during the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 116 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Gartner by 19.1% during the first quarter. First Hawaiian Bank now owns 2,572 shares of the information technology services provider’s stock worth $1,080,000 after acquiring an additional 413 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs bought a new stake in Gartner in the 1st quarter valued at $1,347,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of NYSE IT opened at $247.89 on Friday. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day moving average of $237.90 and a 200-day moving average of $269.41. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 21.75 and a beta of 1.07. Gartner, Inc. has a fifty-two week low of $222.54 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS 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 analysts’ expectations 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. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on IT. Morgan Stanley lowered their target price on Gartner from $281.00 to $275.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. William Blair reaffirmed an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. BMO Capital Markets dropped their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $309.67.

Insider Activity at Gartner

In other news, Director Stephen G. Pagliuca bought 43,300 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $229.57 per share, for a total transaction 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 represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 367 shares of the 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 completion of the sale, the executive vice president owned 4,074 shares in the company, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.30% of the stock is owned by company insiders.

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.