Orion Porfolio Solutions LLC Sells 4,542 Shares of Gartner, Inc. $IT

Orion Porfolio Solutions LLC decreased its position in shares of Gartner, Inc. (NYSE:IT) by 18.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,815 shares of the information technology services provider’s stock after selling 4,542 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Gartner were worth $5,209,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Gartner in the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new position in shares of Gartner in the second quarter worth about $336,000. Savant Capital LLC grew its position in shares of Gartner by 16.8% during the second quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider’s stock worth $573,000 after purchasing an additional 204 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of Gartner by 35.5% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,169 shares of the information technology services provider’s stock worth $1,281,000 after purchasing an additional 831 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Gartner by 12.3% during the 2nd quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock valued at $165,000 after purchasing an additional 45 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other Gartner news, Director Stephen G. Pagliuca purchased 43,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares in the company, valued at $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Gartner Stock Performance

NYSE IT opened at $169.02 on Friday. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $485.33. The business has a 50 day simple moving average of $198.32 and a two-hundred day simple moving average of $227.60. The stock has a market capitalization of $11.91 billion, a PE ratio of 17.52, a P/E/G ratio of 1.69 and a beta of 1.08.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley lowered their price target on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a report on Wednesday, February 4th. Barclays dropped their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $190.70.

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.