Hsbc Holdings PLC Takes Position in Gartner, Inc. $IT

Key Points

• Hsbc Holdings PLC acquired 98,605 Gartner shares in the second quarter, worth approximately $12.8 million and representing about 0.15% of the company. Institutional investors collectively own 91.51% of Gartner.
• Gartner insiders sold 2,765 shares valued at roughly $528,731 over the past quarter, including sales by executives Akhil Jain and Yvonne Genovese.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $187.30 price target. Gartner nevertheless exceeded quarterly earnings expectations, reporting $4.37 EPS versus the $3.76 consensus and $1.68 billion in revenue.

Hsbc Holdings PLC bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 98,605 shares of the information technology services provider's stock, valued at approximately $12,785,000. Hsbc Holdings PLC owned about 0.15% of Gartner at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. DV Equities LLC bought a new position in Gartner in the 4th quarter valued at approximately $25,000. Entrust Financial LLC bought a new stake in shares of Gartner in the 4th quarter valued at about $26,000. Bell Investment Advisors Inc increased its position in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 74 shares during the period. Elyxium Wealth LLC bought a new position in Gartner during the fourth quarter worth $28,000. Finally, Activest Wealth Management raised its position in shares of Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In related news, EVP Akhil Jain sold 700 shares of the business's stock in a transaction dated Monday, August 24th. The shares were 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 of the company's stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value 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. This represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,765 shares of company stock valued at $528,731 over the last quarter. Corporate insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IT shares. Weiss Ratings upgraded shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Royal Bank Of Canada lifted their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. UBS Group increased their target price on Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on Gartner in a research note on Wednesday, August 5th. Finally, BMO Capital Markets cut their price objective on Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Gartner has an average rating of "Hold" and an average price target of $187.30.

Gartner Stock Performance

Shares of IT stock opened at $198.22 on Friday. The stock has a fifty day moving average of $157.78 and a 200 day moving average of $156.26. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.68 and a beta of 0.94. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (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 analysts' expectations of $1.65 billion. During the same quarter in the previous year, the company earned $3.53 earnings per share. Gartner's quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, research analysts expect that Gartner, Inc. will post 14.42 earnings per share for the current year.

Gartner 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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