Gartner, Inc. $IT Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Gartner, Inc. (NYSE:IT) by 17.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,182 shares of the information technology services provider’s stock after purchasing an additional 9,259 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Gartner worth $9,688,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Physician Wealth Advisors Inc. grew its holdings in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. DV Equities LLC acquired a new position in Gartner in the 4th quarter worth $25,000. Rakuten Securities Inc. grew its stake in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Gartner during the fourth quarter worth about $26,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Gartner in the 4th quarter valued at approximately $28,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IT. Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Barclays reduced their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Wells Fargo & Company lowered their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Finally, UBS Group reduced their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.10.

Gartner Stock Up 1.7%

IT stock opened at $136.08 on Friday. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $403.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a market cap of $9.11 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97. The firm’s 50-day simple moving average is $149.30 and its 200 day simple moving average is $175.26.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $2.98 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 13.65 EPS for the current year.

Gartner Profile

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.