Louisiana State Employees Retirement System Takes Position in Gartner, Inc. $IT

Louisiana State Employees Retirement System acquired a new stake in Gartner, Inc. (NYSE:IT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,600 shares of the information technology services provider’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in Gartner by 143.9% in the 4th 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 during the last quarter. DV Equities LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $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 during the period. Entrust Financial LLC purchased a new stake in shares of Gartner during the 4th quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc lifted its holdings in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

IT stock opened at $140.97 on Wednesday. The business’s fifty day moving average price is $148.43 and its 200 day moving average price is $172.92. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $403.95. 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 $9.44 billion, a PE ratio of 13.93, a P/E/G ratio of 0.74 and a beta of 0.97.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 13.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley lowered their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. UBS Group decreased their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Barclays decreased their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Finally, Wells Fargo & Company dropped their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company 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.