Prescott Group Capital Management L.L.C. Cuts Stake in Gartner, Inc. $IT

Prescott Group Capital Management L.L.C. lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 88.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 895 shares of the information technology services provider’s stock after selling 7,200 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Gartner were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Addison Advisors LLC purchased a new position in Gartner during the second quarter valued at $27,000. True Wealth Design LLC lifted its stake in Gartner by 1,130.8% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 147 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Gartner during the 2nd quarter valued at about $47,000. Versant Capital Management Inc grew its position in shares of Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 167 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Gartner during the second quarter valued at about $48,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen G. Pagliuca bought 43,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the transaction, the director directly owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.30% of the stock is owned by corporate insiders.

Gartner Price Performance

NYSE:IT opened at $153.36 on Friday. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 15.89 and a beta of 1.06. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day simple moving average of $225.34 and a 200-day simple moving average of $240.79. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $519.37.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.44. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a return on equity of 83.48% and a net margin of 11.22%.The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IT. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. UBS Group set a $180.00 target price on Gartner in a research report on Wednesday, February 4th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Gartner presently has a consensus rating of “Hold” and an average target price of $190.70.

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.