The Manufacturers Life Insurance Company Makes New Investment in Gartner, Inc. $IT

The Manufacturers Life Insurance Company bought a new stake in Gartner, Inc. (NYSE:IT) during the second quarter, Holdings Channel.com reports. The fund bought 49,058 shares of the information technology services provider’s stock, valued at approximately $6,359,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IT. L2 Asset Management LLC purchased a new stake in shares of Gartner during the 2nd quarter valued at $1,142,000. OMERS ADMINISTRATION Corp bought a new position in Gartner in the second quarter valued at $666,000. Sanctuary Advisors LLC purchased a new stake in Gartner during the second quarter valued at about $646,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gartner during the second quarter worth about $30,293,000. Finally, Globeflex Capital L P bought a new stake in Gartner during the second quarter worth about $343,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT stock opened at $198.22 on Monday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85. The firm has a market cap of $12.52 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.68 and a beta of 0.94. The business’s 50 day moving average price is $157.78 and its 200-day moving average price is $156.24.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company earned $3.53 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. UBS Group boosted their target price on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their price target on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Truist Financial set a $205.00 target price on shares of Gartner in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $187.30.

Insider Buying and Selling at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction 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 directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,765 shares of company stock valued at $528,731. 2.60% of the stock is currently owned by company insiders.

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.