Focus Partners Advisor Solutions LLC Purchases New Position in Gartner, Inc. $IT

Key Points

• Focus Partners Advisor Solutions acquired 7,031 Gartner shares in the second quarter, valued at approximately $911,000. Institutional investors collectively own 91.51% of the company.
• Gartner reported quarterly EPS of $4.37, beating estimates of $3.76, while revenue reached $1.68 billion versus expectations of $1.65 billion; year-over-year revenue declined 0.6%.
• Analyst sentiment remains mixed, with Gartner holding a consensus rating of “Hold” and an average price target of $185.50. Two insiders recently sold shares, and the stock opened at $181.06.

Focus Partners Advisor Solutions LLC acquired a new position in Gartner, Inc. (NYSE:IT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,031 shares of the information technology services provider's stock, valued at approximately $911,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Moran Wealth Management LLC purchased a new position in shares of Gartner during the fourth quarter valued at approximately $3,516,000. CWM LLC lifted its stake in shares of Gartner by 86.4% during the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider's stock worth $14,553,000 after acquiring an additional 26,734 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Gartner by 111.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider's stock worth $6,451,000 after acquiring an additional 13,493 shares during the last quarter. Laurus Global Equity Management Inc. boosted its holdings in Gartner by 135.0% during the 4th quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider's stock valued at $8,643,000 after acquiring an additional 19,680 shares during the period. Finally, Plato Investment Management Ltd grew its position in Gartner by 293.4% in the 4th quarter. Plato Investment Management Ltd now owns 9,002 shares of the information technology services provider's stock valued at $2,282,000 after acquiring an additional 6,714 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Down 0.0%

Gartner stock opened at $181.06 on Monday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $11.43 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The stock has a 50-day moving average of $148.05 and a two-hundred day moving average of $155.79. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner's revenue was down .6% on a year-over-year basis. During the same period last year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts anticipate that Gartner, Inc. will post 14.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Weiss Ratings upgraded Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday. The Goldman Sachs Group upped their price target on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Truist Financial set a $205.00 price objective on Gartner in a report on Wednesday, August 5th. Finally, UBS Group boosted their price objective on shares of Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Gartner currently has an average rating of "Hold" and a consensus price target of $185.50.

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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