Gartner, Inc. $IT Stake Reduced by Schwerin Boyle Capital Management Inc.

Key Points

• Schwerin Boyle Capital Management Inc. reduced its position in Gartner, Inc. by 1.8%, now holding 73,066 shares, which accounts for 3.2% of its total holdings.
• Analysts have significantly lowered their price targets for Gartner, with Barclays setting a target of $320.00 and Wells Fargo at $225.00, indicating a bearish outlook.
• Director Jose M. Gutierrez recently bought 417 shares of Gartner, increasing his ownership by 25.08%, highlighting insider confidence despite the lowered forecasts.

Schwerin Boyle Capital Management Inc. decreased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,066 shares of the information technology services provider's stock after selling 1,349 shares during the period. Gartner makes up approximately 3.2% of Schwerin Boyle Capital Management Inc.'s investment portfolio, making the stock its 10th biggest position. Schwerin Boyle Capital Management Inc. owned 0.10% of Gartner worth $30,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Financial LLC purchased a new position in Gartner in the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. lifted its holdings in 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 during the period. Olde Wealth Management LLC purchased a new stake in Gartner during the first quarter worth $42,000. GW&K Investment Management LLC lifted its holdings in shares of Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Gartner during the 1st quarter valued at $55,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In other Gartner news, Director Jose M. Gutierrez bought 417 shares of Gartner stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, with a total value of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares of the company's stock, valued at approximately $498,784. This represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president owned 3,225 shares in the company, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Gartner Price Performance

IT traded up $1.07 during trading on Thursday, reaching $247.43. The company's stock had a trading volume of 881,773 shares, compared to its average volume of 1,866,382. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $326.58 and a two-hundred day simple moving average of $400.42. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The company has a market cap of $18.74 billion, a price-to-earnings ratio of 15.23 and a beta of 1.19.

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