National Pension Service Decreases Holdings in Gartner, Inc. $IT

National Pension Service decreased its position in shares of Gartner, Inc. (NYSE:IT) by 81.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,042 shares of the information technology services provider’s stock after selling 98,819 shares during the quarter. National Pension Service’s holdings in Gartner were worth $5,813,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. boosted its stake in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of Gartner by 1,980.0% during the 4th 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 purchased a new stake in shares of Gartner during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management boosted its stake 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 acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 10.9%

Shares of IT opened at $179.87 on Tuesday. The stock has a fifty day moving average of $154.58 and a two-hundred day moving average of $189.38. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $12.04 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $434.12.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, analysts forecast that Gartner, Inc. will post 13.7 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on IT. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research note on Wednesday, February 4th. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. UBS Group boosted their price target on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $176.70.

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.