OMERS ADMINISTRATION Corp Increases Position in Gartner, Inc. $IT

OMERS ADMINISTRATION Corp lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 89.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,734 shares of the information technology services provider’s stock after purchasing an additional 20,206 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Gartner were worth $10,781,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after acquiring an additional 47 shares during the period. Horizon Investments LLC lifted its holdings in Gartner by 4.3% in the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after buying an additional 51 shares in the last quarter. Shell Asset Management Co. lifted its holdings in Gartner by 2.7% in the 3rd quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after buying an additional 54 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after buying an additional 56 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. UBS Group decreased their target price on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, Barclays reduced their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and an average target price of $176.10.

Gartner Stock Down 3.6%

IT stock opened at $142.78 on Tuesday. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $409.98. The company’s 50 day simple moving average is $154.76 and its 200-day simple moving average is $184.34. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $9.56 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.81 and a beta of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings data 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Gartner Company 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.