Public Employees Retirement System of Ohio Acquires New Holdings in Gartner, Inc. $IT

Key Points

• Public Employees Retirement System of Ohio acquired 18,596 Gartner shares worth approximately $2.41 million during the second quarter. Institutional investors now own 91.51% of the company.
• Analyst sentiment remains mixed: Gartner has an average rating of “Hold” and an average price target of $187.30, with recent target changes ranging from $150 to $206.
• Gartner beat quarterly earnings expectations, reporting $4.37 in EPS versus the $3.76 consensus and $1.68 billion in revenue. However, revenue declined 0.6% year over year, while insiders sold 6,043 shares worth about $1.17 million over the past three months.

Public Employees Retirement System of Ohio bought a new position in Gartner, Inc. (NYSE:IT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,596 shares of the information technology services provider's stock, valued at approximately $2,410,000.

Several other large investors also recently added to or reduced their stakes in IT. DV Equities LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $25,000. Entrust Financial LLC purchased a new position in Gartner in the 4th quarter worth approximately $26,000. Bell Investment Advisors Inc increased its holdings in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock worth $27,000 after buying an additional 74 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Gartner during the 1st quarter valued at $34,000. Institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In related news, EVP Yvonne Genovese sold 1,205 shares of the company'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 transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president directly owned 8,130 shares of the company's stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,043 shares of company stock valued at $1,172,858 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets reduced their price objective on Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 18th. Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Wells Fargo & Company increased their target price on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a report on Wednesday, August 5th. Finally, UBS Group lifted their target price on shares of Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $187.30.

Gartner Stock Performance

Shares of NYSE:IT opened at $186.19 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The company has a 50-day moving average price of $163.98 and a 200-day moving average price of $157.41. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 0.64 and a beta of 0.96. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.Gartner's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 14.39 EPS for the current year.

About Gartner

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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