Hsbc Holdings PLC Trims Position in Gartner, Inc. $IT

Hsbc Holdings PLC trimmed its position in Gartner, Inc. (NYSE:IT) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,789 shares of the information technology services provider’s stock after selling 107,559 shares during the quarter. Hsbc Holdings PLC owned approximately 0.65% of Gartner worth $115,286,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. raised its stake in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $25,000. Rakuten Securities Inc. raised 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 buying an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner during the 4th quarter worth $26,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Gartner during the 4th quarter worth $28,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IT. UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Wells Fargo & Company dropped their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Royal Bank Of Canada dropped their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $176.10.

Gartner Stock Performance

Shares of IT opened at $127.65 on Monday. 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 stock has a market cap of $8.55 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.70 and a beta of 0.94. The business’s 50 day moving average price is $153.15 and its 200-day moving average price is $181.57. Gartner, Inc. has a 52 week low of $126.17 and a 52 week high of $409.76.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $2.98 EPS. The firm’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. Equities research analysts anticipate that Gartner, Inc. will post 13.65 earnings per share for the current fiscal 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.