Valeo Financial Advisors LLC Sells 109 Shares of Gartner, Inc. $IT

Valeo Financial Advisors LLC lowered its position in shares of Gartner, Inc. (NYSE:IT) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 795 shares of the information technology services provider’s stock after selling 109 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Gartner were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ransom Advisory Ltd bought a new stake in shares of Gartner during the first quarter worth $29,000. Olde Wealth Management LLC bought a new stake in Gartner in the first quarter valued at about $42,000. GW&K Investment Management LLC increased its holdings in Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 78 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Gartner in the first quarter valued at about $55,000. Finally, Bayforest Capital Ltd increased its holdings in Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 0.2%

Shares of Gartner stock opened at $244.52 on Friday. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The business has a 50-day moving average of $250.75 and a two-hundred day moving average of $352.73. The company has a market capitalization of $18.52 billion, a P/E ratio of 15.05 and a beta of 1.20. 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 (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%.Gartner’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

IT has been the subject of a number of recent analyst reports. BMO Capital Markets dropped their price objective on Gartner from $409.00 to $272.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. UBS Group upped their price objective on Gartner from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group dropped their price objective on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Barclays dropped their price objective on Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada initiated coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $358.56.

Insider Activity

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

About Gartner

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.