OMERS ADMINISTRATION Corp Has $7.71 Million Holdings in Gartner, Inc. $IT

OMERS ADMINISTRATION Corp raised its position in shares of Gartner, Inc. (NYSE:IT) by 13.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,662 shares of the information technology services provider’s stock after buying an additional 5,928 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.07% of Gartner worth $7,705,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IT. Lombard Odier Asset Management USA Corp acquired a new stake in shares of Gartner during the first quarter valued at approximately $249,000. Waverly Advisors LLC lifted its position in shares of Gartner by 88.5% in the 1st quarter. Waverly Advisors LLC now owns 3,707 shares of the information technology services provider’s stock valued at $587,000 after acquiring an additional 1,740 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Gartner by 74.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 352,627 shares of the information technology services provider’s stock valued at $55,835,000 after acquiring an additional 150,278 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gartner by 290.1% in the 1st quarter. Renaissance Technologies LLC now owns 305,089 shares of the information technology services provider’s stock worth $48,308,000 after purchasing an additional 226,880 shares during the period. Finally, Bollard Group LLC boosted its stake in Gartner by 35.1% in the 1st quarter. Bollard Group LLC now owns 364,462 shares of the information technology services provider’s stock worth $57,709,000 after purchasing an additional 94,718 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

Shares of IT opened at $140.56 on Monday. The company has a market capitalization of $9.41 billion, a PE ratio of 13.89, a PEG ratio of 0.78 and a beta of 0.97. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day moving average price is $144.85 and its 200 day moving average price is $162.57. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $359.36.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts expect that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Barclays decreased their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. UBS Group lowered their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Morgan Stanley dropped their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Finally, Wells Fargo & Company reduced their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Two equities research 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. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $173.10.

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.