Quantum Capital Management LLC NJ bought a new position in Gartner, Inc. (NYSE:IT – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 98,557 shares of the information technology services provider’s stock, valued at approximately $15,606,000. Gartner accounts for 2.0% of Quantum Capital Management LLC NJ’s holdings, making the stock its 16th biggest holding.
A number of other large investors have also recently modified their holdings of IT. Physician Wealth Advisors Inc. raised its stake in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. DV Equities LLC purchased a new stake in Gartner in the fourth quarter worth about $25,000. Rakuten Securities Inc. boosted its position in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in Gartner during the 4th quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 74 shares during the period. Institutional investors own 91.51% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on IT. UBS Group decreased their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Wells Fargo & Company dropped their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 24th. The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Morgan Stanley lowered their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Gartner currently has an average rating of “Hold” and an average price target of $173.10.
Gartner Stock Performance
Shares of IT opened at $132.39 on Thursday. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 0.74 and a beta of 0.97. The business’s fifty day simple moving average is $145.10 and its two-hundred day simple moving average is $163.99. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $360.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.
Gartner (NYSE:IT – Get Free Report) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.
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.
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