Citizens Financial Group Inc. RI Purchases Shares of 4,002 Gartner, Inc. $IT

Citizens Financial Group Inc. RI acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,002 shares of the information technology services provider’s stock, valued at approximately $519,000.

A number of other large investors have also made changes to their positions in the stock. Physician Wealth Advisors Inc. increased its stake in 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. DV Equities LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Entrust Financial LLC acquired a new position in shares of Gartner in the fourth quarter valued at $26,000. Finally, Bell Investment Advisors Inc lifted its position in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

Gartner stock opened at $193.18 on Thursday. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a fifty day moving average price of $149.70 and a two-hundred day moving average price of $154.98. The firm has a market capitalization of $12.20 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.60 and a beta of 0.94.

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

Insider Transactions at Gartner

In other news, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IT has been the topic of several analyst reports. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wells Fargo & Company raised their price objective on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. BMO Capital Markets decreased their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research report on Tuesday. The Goldman Sachs Group upped their target price on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $187.30.

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.