OMERS ADMINISTRATION Corp Invests $666,000 in Gartner, Inc. $IT

Key Points

• OMERS Administration Corp bought 5,139 Gartner shares during the second quarter, a position valued at approximately $666,000. Institutional investors and hedge funds 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. Revenue declined 0.6% year over year, and the company issued fiscal 2026 EPS guidance of $14.00.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $187.30. Meanwhile, insiders sold 2,765 shares worth about $528,731 over the past 90 days.

OMERS ADMINISTRATION Corp purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,139 shares of the information technology services provider's stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. DV Equities LLC purchased a new stake in Gartner during the 4th quarter valued at about $25,000. Entrust Financial LLC purchased a new position in Gartner in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new position in Gartner in the 4th quarter worth approximately $28,000. Activest Wealth Management boosted its holdings in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in shares of Gartner during the 2nd quarter worth approximately $48,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Up 1.7%

Shares of IT stock opened at $196.26 on Friday. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85. The firm has a market cap of $12.39 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.67 and a beta of 0.94. The company has a 50-day moving average of $156.37 and a two-hundred day moving average of $155.97. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts predict that Gartner, Inc. will post 14.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on IT shares. Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Truist Financial set a $205.00 target price on Gartner in a report on Wednesday, August 5th. UBS Group lifted their price target on Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 price target on shares of Gartner in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $187.30.

Insider Transactions at Gartner

In related news, 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 transaction, the executive vice president owned 8,130 shares of the company's stock, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares of the company's stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,765 shares of company stock worth $528,731 over the last ninety days. Company insiders own 2.60% of the company's stock.

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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