Illinois Municipal Retirement Fund Decreases Stock Holdings in Gartner, Inc. $IT

Illinois Municipal Retirement Fund decreased its stake in shares of Gartner, Inc. (NYSE:IT) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,744 shares of the information technology services provider’s stock after selling 8,039 shares during the period. Illinois Municipal Retirement Fund’s holdings in Gartner were worth $8,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Brighton Jones LLC bought a new stake in shares of Gartner in the fourth quarter worth $309,000. Sivia Capital Partners LLC purchased a new position in Gartner in the second quarter worth about $336,000. IFP Advisors Inc grew its stake in shares of Gartner by 103.3% during the 2nd quarter. IFP Advisors Inc now owns 681 shares of the information technology services provider’s stock valued at $275,000 after purchasing an additional 346 shares during the period. Apollon Wealth Management LLC increased its position in shares of Gartner by 4.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock valued at $390,000 after purchasing an additional 39 shares during the last quarter. Finally, CWM LLC increased its position in shares of Gartner by 52.6% during the 2nd quarter. CWM LLC now owns 9,461 shares of the information technology services provider’s stock valued at $3,824,000 after purchasing an additional 3,261 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IT shares. Truist Financial cut their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Barclays dropped their price target on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $190.70.

Insider Transactions at Gartner

In related news, EVP Claire Herkes sold 367 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.30% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $158.63 on Friday. The stock has a market cap of $11.43 billion, a PE ratio of 16.44 and a beta of 1.06. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $519.37. The firm has a fifty day moving average price of $223.92 and a 200-day moving average price of $239.44. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88.

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 analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 83.48%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $5.45 EPS. Gartner’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.