Gartner, Inc. $IT Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Gartner, Inc. (NYSE:IT) by 75.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,954 shares of the information technology services provider’s stock after selling 581,666 shares during the period. Mackenzie Financial Corp’s holdings in Gartner were worth $50,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Brighton Jones LLC purchased a new position in shares of Gartner in the fourth quarter valued at $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner during the 2nd quarter worth $336,000. Savant Capital LLC boosted its position in shares of Gartner by 16.8% in the 2nd quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider’s stock worth $573,000 after buying an additional 204 shares in the last quarter. Penserra Capital Management LLC grew its stake in Gartner by 12.3% in the 2nd quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock valued at $165,000 after acquiring an additional 45 shares during the last quarter. Finally, Profund Advisors LLC grew its stake in Gartner by 6.0% in the 2nd quarter. Profund Advisors LLC now owns 1,400 shares of the information technology services provider’s stock valued at $566,000 after acquiring an additional 79 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on IT shares. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Morgan Stanley dropped their price objective on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Robert W. Baird set a $240.00 price objective on Gartner in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average target price of $190.70.

Gartner Trading Up 0.1%

Gartner stock opened at $160.62 on Friday. The stock has a 50-day moving average price of $191.00 and a 200 day moving average price of $225.38. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $464.87. The stock has a market cap of $11.32 billion, a PE ratio of 16.64, a P/E/G ratio of 1.61 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) 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 102.20%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm earned $5.45 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal 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.