Oppenheimer Asset Management Inc. Buys Shares of 22,158 Gartner, Inc. $IT

Oppenheimer Asset Management Inc. bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,158 shares of the information technology services provider’s stock, valued at approximately $2,872,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of IT. Capital International Investors boosted its holdings in Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after acquiring an additional 884,250 shares during the period. State Street Corp increased its stake in Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after purchasing an additional 96,809 shares during the period. Independent Franchise Partners LLP increased its stake in Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after purchasing an additional 112,439 shares during the period. Morgan Stanley lifted its position in shares of Gartner by 5.8% during the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock worth $629,585,000 after purchasing an additional 136,233 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Gartner by 51.9% during the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent analyst reports. Truist Financial set a $205.00 target price on shares of Gartner in a research note on Wednesday, August 5th. UBS Group raised their price target on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $185.50.

Gartner Trading Down 1.2%

NYSE:IT opened at $181.06 on Friday. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 0.60 and a beta of 0.94. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm has a 50 day moving average of $148.05 and a 200 day moving average of $156.36.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is owned by company insiders.

About Gartner

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.