Bank of New York Mellon Corp Has $107.08 Million Holdings in Gartner, Inc. $IT

Bank of New York Mellon Corp trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,463 shares of the information technology services provider’s stock after selling 26,179 shares during the quarter. Bank of New York Mellon Corp’s holdings in Gartner were worth $107,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Gartner by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after acquiring an additional 509,902 shares in the last quarter. Bamco Inc. NY increased its holdings in Gartner by 18.3% during the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after purchasing an additional 669,352 shares in the last quarter. State Street Corp increased its holdings in Gartner by 2.8% during the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP bought a new position in Gartner in the 3rd quarter valued at $840,166,000. Finally, Capital International Investors bought a new position in Gartner in the 3rd quarter valued at $820,113,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 0.0%

NYSE IT opened at $164.09 on Monday. The stock has a market capitalization of $10.99 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $430.19. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $155.37 and a 200-day moving average of $187.60.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 13.7 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Morgan Stanley reduced their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. UBS Group raised their price objective on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Barclays dropped their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $176.70.

Gartner Company 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.