Rehmann Capital Advisory Group Has $236,000 Stake in Gartner, Inc. $IT

Rehmann Capital Advisory Group trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 7.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 585 shares of the information technology services provider’s stock after selling 48 shares during the period. Rehmann Capital Advisory Group’s holdings in Gartner were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IT. T. Rowe Price Investment Management Inc. increased its holdings in Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after buying an additional 932,077 shares during the last quarter. Nuveen LLC bought a new position in Gartner during the first quarter worth $128,318,000. JPMorgan Chase & Co. boosted its position in Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after purchasing an additional 211,842 shares during the period. Generation Investment Management LLP boosted its position in Gartner by 16.5% during the first quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after purchasing an additional 189,514 shares during the period. Finally, Vanguard Group Inc. boosted its position in Gartner by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after purchasing an additional 164,810 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP John J. Rinello sold 105 shares of the company’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 transaction, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. This represents a 3.15% 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, Director Jose M. Gutierrez purchased 417 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company’s stock.

Gartner Trading Down 0.2%

IT stock opened at $250.40 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day simple moving average is $248.73 and its 200 day simple moving average is $340.30. Gartner, Inc. has a 52 week low of $223.65 and a 52 week high of $584.01. The company has a market capitalization of $18.97 billion, a PE ratio of 15.41 and a beta of 1.20.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the company posted $3.22 earnings per share. Gartner’s revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on IT. Barclays set a $270.00 price objective on shares of Gartner and gave the stock an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Truist Financial began coverage on shares of Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective for the company. Finally, Wolfe Research began coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating for the company. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $346.20.

Gartner Company 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.