Ransom Advisory Ltd Takes Position in Gartner, Inc. $IT

Ransom Advisory Ltd acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 70 shares of the information technology services provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Olde Wealth Management LLC acquired a new position in Gartner during the first quarter worth about $42,000. GW&K Investment Management LLC increased its stake in shares of Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Gartner in the first quarter valued at approximately $55,000. Bayforest Capital Ltd increased its position in Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares during the period. Finally, WPG Advisers LLC acquired a new stake in Gartner during the 1st quarter valued at approximately $69,000. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, SVP John J. Rinello sold 105 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the transaction, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jose M. Gutierrez bought 417 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by company insiders.

Gartner Price Performance

IT stock opened at $241.01 on Friday. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The company’s 50-day moving average is $295.39 and its 200-day moving average is $382.12. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $18.25 billion, a PE ratio of 14.83 and a beta of 1.20.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $3.22 EPS. Gartner’s quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on IT shares. Barclays decreased their target price on shares of Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Morgan Stanley cut their price target on Gartner from $455.00 to $322.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. Royal Bank Of Canada began coverage on shares of Gartner in a research report on Tuesday. They set a “sector perform” rating and a $263.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 6th. Finally, BMO Capital Markets cut their target price on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $357.44.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.