SG Americas Securities LLC Grows Stock Holdings in Gartner, Inc. $IT

SG Americas Securities LLC grew its stake in Gartner, Inc. (NYSE:IT) by 7.5% during the first quarter, HoldingsChannel reports. The firm owned 65,792 shares of the information technology services provider’s stock after purchasing an additional 4,602 shares during the quarter. SG Americas Securities LLC’s holdings in Gartner were worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Moran Wealth Management LLC acquired a new stake in Gartner in the fourth quarter valued at about $3,516,000. CWM LLC increased its position in Gartner by 86.4% during the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Gartner by 111.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after buying an additional 13,493 shares in the last quarter. Barclays PLC raised its stake in shares of Gartner by 10.6% during the 3rd quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after buying an additional 24,116 shares in the last quarter. Finally, Laurus Global Equity Management Inc. lifted its holdings in shares of Gartner by 135.0% in the 4th quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock valued at $8,643,000 after buying an additional 19,680 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 6.7%

Shares of Gartner stock opened at $135.11 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day moving average price of $151.15 and a 200 day moving average price of $178.37. The company has a market capitalization of $9.05 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.70 and a beta of 0.94. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $409.76.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 13.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IT shares. UBS Group dropped their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Royal Bank Of Canada reduced their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Morgan Stanley lowered their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. 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. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.10.

About Gartner

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.