Universal Beteiligungs und Servicegesellschaft mbH Purchases 349 Shares of Gartner, Inc. $IT

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Gartner, Inc. (NYSE:IT) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,218 shares of the information technology services provider’s stock after acquiring an additional 349 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Gartner worth $24,746,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Applied Finance Capital Management LLC grew its holdings in Gartner by 1.5% during the 1st quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock valued at $816,000 after purchasing an additional 29 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Gartner by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 31 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Gartner by 2.6% during the second quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock valued at $539,000 after buying an additional 34 shares during the period. Accurate Wealth Management LLC grew its stake in shares of Gartner by 2.8% during the second quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $507,000 after buying an additional 36 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of Gartner by 5.0% in the first quarter. EP Wealth Advisors LLC now owns 800 shares of the information technology services provider’s stock worth $336,000 after buying an additional 38 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IT shares. Truist Financial began coverage on Gartner in a report on Thursday, October 16th. They set a “buy” rating and a $300.00 price objective for the company. Barclays lowered their target price on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company reduced their price target on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada initiated coverage on shares of Gartner in a research note on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price on the stock. Finally, Weiss Ratings lowered shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $311.67.

Gartner Price Performance

NYSE IT opened at $226.55 on Tuesday. The firm’s fifty day simple moving average is $246.19 and its two-hundred day simple moving average is $319.93. The firm has a market capitalization of $16.33 billion, a P/E ratio of 13.94 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other 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 transaction of $26,219.55. Following the transaction, the senior vice president owned 3,225 shares in the company, valued at $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 available through this hyperlink. Insiders own 2.30% of the company’s stock.

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.