South Dakota Investment Council Has $5.30 Million Holdings in Gartner, Inc. $IT

South Dakota Investment Council lifted its position in Gartner, Inc. (NYSE:IT) by 68.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,488 shares of the information technology services provider’s stock after buying an additional 13,600 shares during the quarter. South Dakota Investment Council’s holdings in Gartner were worth $5,302,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at $3,516,000. CWM LLC lifted its holdings in Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after purchasing an additional 13,493 shares during the period. Laurus Global Equity Management Inc. grew its position in Gartner by 135.0% in the 4th quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock valued at $8,643,000 after buying an additional 19,680 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Gartner by 67.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 200,418 shares of the information technology services provider’s stock valued at $50,561,000 after buying an additional 80,591 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 7.7%

Shares of NYSE IT opened at $152.86 on Friday. Gartner, Inc. has a one year low of $124.25 and a one year high of $345.50. The firm has a market capitalization of $10.23 billion, a PE ratio of 15.11, a PEG ratio of 0.92 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The business has a 50-day moving average price of $144.80 and a two-hundred day moving average price of $160.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, analysts predict that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on IT shares. Barclays dropped their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. UBS Group lowered their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company cut their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Gartner currently has an average rating of “Hold” and an average price target of $173.10.

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.