Hsbc Holdings PLC Has $115.29 Million Position in Gartner, Inc. $IT

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

Several other large investors have also made changes to their positions in IT. Physician Wealth Advisors Inc. raised its position in Gartner by 143.9% during 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 bought a new stake in Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. boosted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner in the 4th quarter valued at $26,000. Finally, Elyxium Wealth LLC bought a new position in shares of Gartner in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

Gartner stock opened at $136.08 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $9.11 billion, a PE ratio of 13.45, a P/E/G ratio of 0.75 and a beta of 0.97. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $403.95. The stock has a 50-day moving average price of $148.89 and a two-hundred day moving average price of $174.98.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping 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 company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the business posted $2.98 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts expect that Gartner, Inc. will post 13.65 EPS for the current year.

Analysts Set New Price Targets

IT has been the subject of a number of research analyst reports. Barclays lowered their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 24th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research note on Tuesday, May 5th. Morgan Stanley dropped their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Two 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’s stock. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and an average price target of $174.10.

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.