Bollard Group LLC Has $68.05 Million Holdings in Gartner, Inc. $IT

Bollard Group LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 10.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 269,744 shares of the information technology services provider’s stock after selling 31,603 shares during the quarter. Gartner comprises approximately 1.7% of Bollard Group LLC’s holdings, making the stock its 9th largest holding. Bollard Group LLC owned 0.37% of Gartner worth $68,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its position in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Gartner during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Gartner during the 4th quarter valued at approximately $28,000. Finally, Activest Wealth Management boosted its position in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on Gartner in a research report on Tuesday, May 5th. Finally, Barclays lowered their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $176.10.

Gartner Stock Performance

IT stock opened at $148.07 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The business’s fifty day simple moving average is $155.07 and its two-hundred day simple moving average is $185.30. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $413.26. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.81 and a beta of 0.94.

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

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.