J. Stern & Co. LLP Purchases 1,518,333 Shares of Gartner, Inc. $IT

J. Stern & Co. LLP boosted its position in Gartner, Inc. (NYSE:IT) by 8,182.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,536,890 shares of the information technology services provider’s stock after buying an additional 1,518,333 shares during the period. J. Stern & Co. LLP owned approximately 2.18% of Gartner worth $387,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Unio Capital LLC increased its position in Gartner by 27.1% in the 4th quarter. Unio Capital LLC now owns 98,185 shares of the information technology services provider’s stock valued at $24,770,000 after buying an additional 20,932 shares in the last quarter. &PARTNERS increased its position in Gartner by 25.2% in the 4th quarter. &PARTNERS now owns 8,622 shares of the information technology services provider’s stock valued at $2,176,000 after buying an additional 1,736 shares in the last quarter. Blair William & Co. IL increased its position in Gartner by 3.7% in the 4th quarter. Blair William & Co. IL now owns 122,552 shares of the information technology services provider’s stock valued at $30,917,000 after buying an additional 4,358 shares in the last quarter. Rothschild Wealth LLC bought a new stake in Gartner in the 4th quarter valued at about $332,000. Finally, Cynosure Group LLC increased its position in Gartner by 126.1% in the 4th quarter. Cynosure Group LLC now owns 5,217 shares of the information technology services provider’s stock valued at $1,316,000 after buying an additional 2,910 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 0.1%

Shares of NYSE IT opened at $142.57 on Wednesday. The stock has a market capitalization of $9.54 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.78 and a beta of 0.94. The company has a 50-day moving average price of $154.46 and a 200-day moving average price of $183.71. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $409.95. 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 (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $2.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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 report on Friday, April 10th. UBS Group reduced their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley reduced their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.