Wick Capital Partners LLC Acquires New Position in Gartner, Inc. $IT

Wick Capital Partners LLC acquired a new position in shares of Gartner, Inc. (NYSE:ITFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,295 shares of the information technology services provider’s stock, valued at approximately $16,977,000. Gartner makes up about 1.2% of Wick Capital Partners LLC’s holdings, making the stock its 15th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Vanguard Group Inc. lifted its position in shares of Gartner by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after acquiring an additional 509,902 shares during the period. Bamco Inc. NY boosted its stake in shares of Gartner by 18.3% during the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after acquiring an additional 669,352 shares in the last quarter. Capital International Investors grew its holdings in shares of Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the period. State Street Corp increased its stake in Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares in the last quarter. Finally, Independent Franchise Partners LLP increased its stake in Gartner by 3.5% in the 4th 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 purchasing an additional 112,439 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 4.4%

Shares of Gartner stock opened at $127.65 on Friday. Gartner, Inc. has a 1 year low of $126.17 and a 1 year high of $409.76. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day moving average price of $153.58 and a 200 day moving average price of $182.29. The company has a market capitalization of $8.55 billion, a P/E ratio of 12.61, a P/E/G ratio of 0.74 and a beta of 0.94.

Gartner (NYSE:ITGet Free Report) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 13.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IT. Morgan Stanley reduced their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada lowered 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. The Goldman Sachs Group set a $162.00 price target on Gartner in a research report on Tuesday, May 5th. UBS Group decreased their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, Wells Fargo & Company lowered their price objective 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. Two equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $176.10.

Get Our Latest Stock Report on IT

Gartner Profile

(Free Report)

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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