Capital International Sarl boosted its holdings in Gartner, Inc. (NYSE:IT – Free Report) by 530.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,463 shares of the information technology services provider’s stock after buying an additional 7,963 shares during the quarter. Capital International Sarl’s holdings in Gartner were worth $2,387,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of IT. Physician Wealth Advisors Inc. increased its holdings 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 valued at $25,000 after buying an additional 59 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Gartner by 1,980.0% in the fourth 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 last quarter. Entrust Financial LLC purchased a new position in Gartner in the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new position in Gartner in the fourth quarter valued at $28,000. Finally, Activest Wealth Management increased its holdings in Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on IT. Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. 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. Morgan Stanley dropped their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada dropped their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.70.
Gartner Stock Performance
Shares of IT stock opened at $164.09 on Monday. The stock’s 50-day moving average is $155.37 and its two-hundred day moving average is $187.60. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $430.19. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.
Gartner (NYSE:IT – Get Free Report) last issued 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 company had revenue of $1.49 billion for 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%.The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current 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.
Further Reading
- Five stocks we like better than Gartner
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT – Free Report).
Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.
