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

OMERS ADMINISTRATION Corp raised its holdings in Gartner, Inc. (NYSE:IT) by 89.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 owned 0.06% of Gartner worth $10,781,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IT. Physician Wealth Advisors Inc. boosted its stake in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of Gartner during the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management boosted its position in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Trading Down 3.6%

Shares of Gartner stock opened at $142.78 on Tuesday. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. 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 quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.98 earnings per share. 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 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IT shares. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Morgan Stanley decreased their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada cut their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus target price of $176.10.

Gartner 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.