Paralel Advisors LLC Invests $1.90 Million in Gartner, Inc. $IT

Key Points

• Paralel Advisors LLC acquired a new $1.90 million stake in Gartner during the second quarter, purchasing 14,619 shares. Institutional investors collectively own 91.51% of the company.
• Gartner beat quarterly expectations with adjusted EPS of $4.37 versus the $3.76 consensus and revenue of $1.68 billion, although revenue declined 0.6% year over year. Analysts expect approximately $14.44 in EPS for the current fiscal year.
• Gartner shares opened at $193.09, while analysts maintained a generally cautious outlook: the stock has a consensus “Hold” rating and an average price target of $187.30. Two company insiders recently sold shares.

Paralel Advisors LLC acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,619 shares of the information technology services provider's stock, valued at approximately $1,895,000.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider's stock valued at $25,000 after buying an additional 59 shares during the period. DV Equities LLC purchased a new stake in Gartner during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider's stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner in the fourth quarter worth $26,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Gartner in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Price Performance

IT stock opened at $193.09 on Friday. 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. The stock's 50 day moving average is $150.59 and its two-hundred day moving average is $154.87. The company has a market capitalization of $12.19 billion, a PE ratio of 17.32, a P/E/G ratio of 0.64 and a beta of 0.94.

Gartner (NYSE:IT - Get Free Report) last released its earnings results 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the business posted $3.53 EPS. The business's revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts predict that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the 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 transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This represents a 9.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares of the company's stock, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Morgan Stanley set a $177.00 target price on shares of Gartner in a report on Wednesday, August 5th. BMO Capital Markets lowered their price target on Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a report on Tuesday. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. The Goldman Sachs Group boosted their price objective on Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $187.30.

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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