United Capital Financial Advisors LLC Takes $1.09 Million Position in Gartner, Inc. $IT

United Capital Financial Advisors LLC bought a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,404 shares of the information technology services provider’s stock, valued at approximately $1,089,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of IT. Brighton Jones LLC acquired a new stake in shares of Gartner during the fourth quarter worth about $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner in the second quarter valued at approximately $336,000. Cresset Asset Management LLC increased its stake in Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after buying an additional 191 shares during the period. Sei Investments Co. lifted its holdings in Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after buying an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Gartner by 111.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after buying an additional 50,251 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

IT stock opened at $198.22 on Friday. The business has a 50 day moving average price of $157.78 and a 200 day moving average price of $156.26. 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 stock has a market cap of $12.52 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $265.85.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $3.53 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts anticipate that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on IT. BMO Capital Markets dropped their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price objective on Gartner in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Insider Activity at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the sale, the executive vice president owned 8,130 shares in the company, valued at $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,765 shares of company stock valued at $528,731 in the last ninety days. Insiders own 2.60% of the company’s stock.

Gartner Company 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.