Clarkston Capital Partners LLC Has $28.22 Million Holdings in Gartner, Inc. $IT

Clarkston Capital Partners LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 24.0% in the 4th quarter, Holdings Channel reports. The firm owned 111,867 shares of the information technology services provider’s stock after selling 35,292 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Gartner were worth $28,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. lifted its stake in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Rakuten Securities Inc. lifted 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 purchasing an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Gartner in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Gartner in the 4th quarter valued at $28,000. Finally, Activest Wealth Management lifted its stake in shares of Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 0.5%

Gartner stock opened at $148.07 on Friday. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.82 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $413.26. The firm has a fifty day moving average price of $155.07 and a two-hundred day moving average price of $185.30.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IT. Royal Bank Of Canada reduced their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Barclays reduced their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research report on Tuesday, May 5th. Finally, Morgan Stanley cut their target price 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. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $176.10.

About Gartner

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.