Fielder Capital Group LLC Grows Position in Gartner, Inc. $IT

Fielder Capital Group LLC raised its holdings in Gartner, Inc. (NYSE:IT) by 20.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 692 shares of the information technology services provider’s stock after acquiring an additional 118 shares during the period. Fielder Capital Group LLC’s holdings in Gartner were worth $280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Brighton Jones LLC purchased a new stake in shares of Gartner in the 4th quarter valued at about $309,000. Board of the Pension Protection Fund raised its holdings in shares of Gartner by 58.3% in the 1st quarter. Board of the Pension Protection Fund now owns 1,900 shares of the information technology services provider’s stock valued at $798,000 after acquiring an additional 700 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in shares of Gartner by 57.5% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 167 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 61 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Gartner by 16.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375 shares of the information technology services provider’s stock valued at $3,921,000 after acquiring an additional 1,293 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Gartner by 1.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,632 shares of the information technology services provider’s stock valued at $77,078,000 after acquiring an additional 1,750 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

IT opened at $250.40 on Friday. The stock’s 50 day simple moving average is $248.73 and its 200 day simple moving average is $340.30. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The firm has a market cap of $18.97 billion, a price-to-earnings ratio of 15.41 and a beta of 1.20.

Gartner (NYSE:IT) last issued 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the sale, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was 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 in the company, valued at approximately $498,784. The trade was a 25.08% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on IT shares. William Blair reaffirmed an “outperform” rating on shares of Gartner in a report on Tuesday. BMO Capital Markets decreased their price objective on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Royal Bank Of Canada initiated coverage on Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Gartner from $345.00 to $225.00 and set an “underweight” rating on the stock in a report on Wednesday, August 6th. Finally, Truist Financial initiated coverage on Gartner in a report on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective on the stock. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $346.20.

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.