PNC Financial Services Group Inc. Buys 4,771 Shares of Gartner, Inc. $IT

PNC Financial Services Group Inc. lifted its stake in Gartner, Inc. (NYSE:IT) by 20.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,613 shares of the information technology services provider’s stock after buying an additional 4,771 shares during the period. PNC Financial Services Group Inc.’s holdings in Gartner were worth $4,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cresset Asset Management LLC boosted its stake in Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after buying an additional 47 shares in the last quarter. Horizon Investments LLC raised its stake in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of Gartner by 8.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 68 shares during the period. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IT. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Barclays cut their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Wells Fargo & Company reduced their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 24th. Royal Bank Of Canada decreased their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.10.

Gartner Price Performance

Gartner stock opened at $147.71 on Tuesday. The business’s fifty day moving average is $144.69 and its two-hundred day moving average is $161.88. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $9.89 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.78 and a beta of 0.97. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $357.33.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts forecast that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Gartner Company 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.