PNC Financial Services Group Inc. Has $4.37 Million Stock Holdings in Gartner, Inc. $IT

PNC Financial Services Group Inc. raised its position in Gartner, Inc. (NYSE:IT) by 20.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 27,613 shares of the information technology services provider’s stock after buying an additional 4,771 shares during the period. PNC Financial Services Group Inc.’s holdings in Gartner were worth $4,372,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Oslo Pensjonsforsikring AS acquired a new position in shares of Gartner during the first quarter valued at $227,000. Cassaday & Co Wealth Management LLC acquired a new stake in Gartner in the first quarter worth about $34,000. Earned Wealth Advisors LLC increased its position in Gartner by 127.6% in the first quarter. Earned Wealth Advisors LLC now owns 1,971 shares of the information technology services provider’s stock worth $312,000 after purchasing an additional 1,105 shares during the period. Meeder Advisory Services Inc. raised its holdings in Gartner by 27.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 1,570 shares of the information technology services provider’s stock worth $249,000 after purchasing an additional 336 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in Gartner by 56.6% during the 1st quarter. Parallel Advisors LLC now owns 896 shares of the information technology services provider’s stock worth $142,000 after purchasing an additional 324 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the topic of several recent research 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. Wells Fargo & Company lowered their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research note on Tuesday, May 5th. Morgan Stanley cut their price objective on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.10.

Gartner Trading Up 5.1%

NYSE IT opened at $147.71 on Tuesday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $357.33. The stock has a 50-day simple moving average of $144.69 and a 200 day simple moving average of $161.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $9.89 billion, a PE ratio of 14.60, a P/E/G ratio of 0.78 and a beta of 0.97.

Gartner (NYSE:IT) last issued 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 firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts forecast that Gartner, Inc. will post 13.61 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.