GHP Investment Advisors Inc. Sells 6,673 Shares of Gartner, Inc. $IT

GHP Investment Advisors Inc. lowered its stake in Gartner, Inc. (NYSE:IT) by 26.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,896 shares of the information technology services provider’s stock after selling 6,673 shares during the period. GHP Investment Advisors Inc.’s holdings in Gartner were worth $2,992,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased 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 purchasing an additional 59 shares during the last quarter. DV Equities LLC bought a new stake in Gartner in the fourth quarter worth $25,000. Rakuten Securities Inc. boosted its stake in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC purchased a new position in Gartner during the fourth quarter worth $26,000. Finally, Bell Investment Advisors Inc increased its position in Gartner by 75.5% during 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 owned by institutional investors.

Gartner Price Performance

Gartner stock opened at $135.11 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94. The firm has a 50-day moving average of $151.15 and a two-hundred day moving average of $178.37. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $409.76.

Gartner (NYSE:IT) last posted its quarterly 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. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $2.98 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts forecast that Gartner, Inc. will post 13.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IT shares. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research note on Tuesday, May 5th. UBS Group cut their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Morgan Stanley reduced their price objective 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. Royal Bank Of Canada decreased their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $174.10.

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.