AG2R LA Mondiale Gestion D Actifs Boosts Stock Position in Gartner, Inc. $IT

AG2R LA Mondiale Gestion D Actifs boosted its position in shares of Gartner, Inc. (NYSE:IT) by 3.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,180 shares of the information technology services provider’s stock after acquiring an additional 94 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in Gartner were worth $1,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ransom Advisory Ltd acquired a new stake in shares of Gartner during the first quarter worth about $29,000. Olde Wealth Management LLC purchased a new stake in Gartner during the 1st quarter worth approximately $42,000. GW&K Investment Management LLC boosted its position in Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Gartner in the first quarter worth $55,000. Finally, Bayforest Capital Ltd grew its stake in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 116 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday. William Blair reiterated an “outperform” rating on shares of Gartner in a research note on Tuesday, October 21st. Truist Financial began coverage on Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective for the company. BMO Capital Markets reduced their target price on shares of Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company lowered their price target on shares of Gartner from $345.00 to $225.00 and set an “underweight” rating for the company in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $346.20.

Insider Buying and Selling at Gartner

In other news, Director Jose M. Gutierrez bought 417 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the transaction, the director owned 2,080 shares of the company’s stock, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 105 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the sale, the senior vice president directly owned 3,225 shares of the company’s stock, valued at $805,314.75. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Gartner Price Performance

IT stock opened at $250.40 on Friday. The business has a 50 day moving average price of $248.73 and a 200 day moving average price of $340.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. The stock has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. Equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.