Ancora Advisors LLC Acquires Shares of 8,657 Gartner, Inc. $IT

Key Points

• Ancora Advisors acquired 8,657 Gartner shares worth approximately $1.12 million during the second quarter. Institutional investors collectively own 91.51% of the company.
• Analysts maintain a mixed outlook, with Gartner holding an average rating of “Hold” and an average price target of $187.30; individual targets range from $150 to $205.
• Gartner exceeded quarterly expectations with adjusted EPS of $4.37 versus the $3.76 consensus and revenue of $1.68 billion, although revenue declined 0.6% year over year. Insiders sold 2,765 shares worth $528,731 over the past three months.

Ancora Advisors LLC acquired a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,657 shares of the information technology services provider's stock, valued at approximately $1,122,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Gartner in the fourth quarter valued at about $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner in the second quarter valued at $336,000. Cresset Asset Management LLC grew its holdings 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 valued at $585,000 after purchasing an additional 191 shares in the last quarter. Sei Investments Co. grew 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 valued at $36,867,000 after purchasing an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider's stock worth $38,523,000 after buying an additional 50,251 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Gartner from $162.00 to $181.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Wells Fargo & Company increased their price target on Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. Royal Bank Of Canada raised their price objective on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price objective on Gartner in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Gartner currently has an average rating of "Hold" and an average price target of $187.30.

Insider Transactions at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the sale, the director owned 8,097 shares of the company's stock, valued at $1,492,277.10. This represents a 9.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the stock in a transaction dated 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 approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,765 shares of company stock worth $528,731. 2.60% of the stock is currently owned by insiders.

Gartner Price Performance

Shares of NYSE IT opened at $196.26 on Friday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 0.67 and a beta of 0.94. The business has a 50 day simple moving average of $156.37 and a 200-day simple moving average of $155.97.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the business posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 14.42 earnings per share for the current year.

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.

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