OMERS ADMINISTRATION Corp Makes New Investment in Gartner, Inc. $IT

OMERS ADMINISTRATION Corp purchased a new stake in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,139 shares of the information technology services provider’s stock, valued at approximately $666,000.

Several other institutional investors have also modified their holdings of IT. BlackRock Inc. acquired a new stake in Gartner in the 2nd quarter valued at about $676,246,000. Capital International Investors increased its stake in shares of Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the period. State Street Corp raised its holdings in Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after acquiring an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after acquiring an additional 112,439 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Gartner by 5.8% in the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock worth $629,585,000 after acquiring an additional 136,233 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,765 shares of company stock valued at $528,731 in the last three months. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IT shares. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. UBS Group raised their price objective on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. BMO Capital Markets decreased their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday, August 18th. Wells Fargo & Company boosted their target price on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group increased their target price on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $187.30.

Gartner Price Performance

Shares of NYSE:IT opened at $196.26 on Friday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The firm has a market capitalization of $12.39 billion, a P/E ratio of 17.60, a P/E/G ratio of 0.67 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $156.37 and its 200 day moving average price is $155.97.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 14.42 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.