Jefferies Financial Group Inc. Takes $6.97 Million Position in Gartner, Inc. $IT

Jefferies Financial Group Inc. bought a new stake in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 53,796 shares of the information technology services provider’s stock, valued at approximately $6,973,000. Jefferies Financial Group Inc. owned approximately 0.09% of Gartner as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IT. Brighton Jones LLC bought a new position in Gartner during the fourth quarter worth about $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner in the 2nd quarter valued at approximately $336,000. Cresset Asset Management LLC raised its holdings in shares of Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after buying an additional 191 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after buying an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after buying an additional 50,251 shares during the period. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 1.7%

Shares of IT opened at $196.26 on Friday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 0.67 and a beta of 0.94. The stock has a fifty day moving average price of $156.37 and a two-hundred day moving average price of $155.97. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned $3.53 earnings per share. The business’s revenue for the quarter 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 14.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,765 shares of company stock worth $528,731 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on IT shares. BMO Capital Markets decreased their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 18th. Royal Bank Of Canada increased their price objective on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group lifted their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 target price on shares of Gartner in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.