Banco Bilbao Vizcaya Argentaria S.A. Has $12.04 Million Stock Holdings in Gartner, Inc. $IT

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Gartner, Inc. by 3.9%, owning 28,676 shares valued at approximately $12.04 million as of the end of the first quarter.
• Multiple analysts have revised their price targets for Gartner, with Barclays lowering from $475 to $320, and UBS and Wells Fargo also adjusting their targets significantly.
• Gartner reported earnings of $3.53 per share for the latest quarter, surpassing estimates, though revenue fell slightly below expectations at $1.66 billion.

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,676 shares of the information technology services provider's stock after purchasing an additional 1,083 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Gartner were worth $12,038,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth approximately $27,000. Itau Unibanco Holding S.A. increased its holdings in shares of Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of Gartner during the first quarter worth approximately $42,000. GW&K Investment Management LLC increased its holdings in shares of Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Gartner during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several recent analyst reports. Barclays dropped their price objective on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. UBS Group reaffirmed a "neutral" rating and set a $270.00 price objective (down previously from $480.00) on shares of Gartner in a report on Wednesday, August 6th. Wells Fargo & Company lowered their price target on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a report on Wednesday, August 6th. BMO Capital Markets lowered their price target on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Finally, Morgan Stanley lowered their price target on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $369.25.

Gartner Stock Performance

Shares of Gartner stock opened at $242.2950 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $18.35 billion, a P/E ratio of 14.91 and a beta of 1.19. The firm has a 50 day simple moving average of $349.10 and a 200 day simple moving average of $413.69. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.68 billion. During the same period last year, the firm earned $3.22 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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