Virtu Financial LLC bought a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,456 shares of the information technology services provider's stock, valued at approximately $3,549,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cary Street Partners Financial LLC acquired a new stake in shares of Gartner in the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. increased its holdings in shares of Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Gartner in the 1st quarter worth about $42,000. GW&K Investment Management LLC increased its holdings in shares of Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 78 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Gartner in the 1st quarter worth about $55,000. 91.51% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Akhil Jain sold 625 shares of Gartner stock in a transaction on Monday, May 19th. The stock was sold at an average price of $450.00, for a total value of $281,250.00. Following the transaction, the executive vice president directly owned 6,548 shares in the company, valued at $2,946,600. The trade was a 8.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
IT has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a report on Wednesday, August 6th. Morgan Stanley dropped their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $270.00 price objective (down from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. BMO Capital Markets cut their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Gartner from $535.00 to $457.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $369.25.
Read Our Latest Stock Report on IT
Gartner Price Performance
Shares of Gartner stock traded up $13.06 during trading on Wednesday, hitting $242.45. The stock had a trading volume of 1,677,489 shares, compared to its average volume of 787,501. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $18.66 billion, a P/E ratio of 14.92 and a beta of 1.19. The business has a fifty day moving average of $367.24 and a two-hundred day moving average of $424.13. Gartner, Inc. has a fifty-two week low of $223.65 and a fifty-two week high of $584.01.
Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.15. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.68 billion. Gartner had a return on equity of 82.63% and a net margin of 19.71%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.22 earnings per share. On average, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.
Gartner Profile
(
Free Report)
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.
Featured Articles
Before you consider Gartner, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gartner wasn't on the list.
While Gartner currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access