Johnson Financial Group Inc. Invests $507,000 in Gartner, Inc. $IT

Johnson Financial Group Inc. acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,909 shares of the information technology services provider’s stock, valued at approximately $507,000.

Other institutional investors also recently modified their holdings of the company. West Family Investments Inc. bought a new stake in Gartner in the 2nd quarter valued at about $254,000. Danske Bank A S acquired a new stake in shares of Gartner in the 2nd quarter valued at $399,000. Wealthfront Advisers LLC acquired a new stake in Gartner in the second quarter valued at about $310,000. Meeder Advisory Services Inc. acquired a new stake in shares of Gartner in the 2nd quarter valued at approximately $255,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in Gartner in the second quarter valued at approximately $519,000. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

IT stock opened at $193.18 on Thursday. The firm has a market cap of $12.20 billion, a PE ratio of 17.33, a P/E/G ratio of 0.60 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The business has a 50 day moving average of $149.70 and a 200-day moving average of $154.98. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $3.53 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 14.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on IT. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. UBS Group raised their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and an average price target of $187.30.

Insiders Place Their Bets

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

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.