Citizens Financial Group Inc. RI Purchases New Shares in Gartner, Inc. $IT

Citizens Financial Group Inc. RI purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,002 shares of the information technology services provider’s stock, valued at approximately $519,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. increased its position in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $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 purchasing an additional 99 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc increased its holdings in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

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

Gartner Stock Performance

IT stock opened at $193.18 on Thursday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month 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 company has a market cap of $12.20 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The business’s fifty day moving average is $149.70 and its 200-day moving average is $154.98.

Gartner (NYSE:IT) last posted its 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts forecast that Gartner, Inc. will post 14.44 EPS for the current year.

Analysts Set New Price Targets

IT has been the subject of several research analyst reports. UBS Group boosted their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group increased their price objective on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 target price on Gartner in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $187.30.

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.