Capital International Sarl Increases Position in Gartner, Inc. $IT

Capital International Sarl raised its position in Gartner, Inc. (NYSE:IT) by 530.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,463 shares of the information technology services provider’s stock after purchasing an additional 7,963 shares during the quarter. Capital International Sarl’s holdings in Gartner were worth $2,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Gartner by 5.3% in the third 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 purchasing an additional 509,902 shares during the period. Bamco Inc. NY raised its position in Gartner by 18.3% in the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after purchasing an additional 669,352 shares during the period. Capital International Investors raised its position in Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after purchasing an additional 884,250 shares during the period. State Street Corp raised its position in Gartner by 2.8% in the third 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 during the period. Finally, Independent Franchise Partners LLP purchased a new stake in Gartner in the third quarter valued at approximately $840,166,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. UBS Group boosted their target price on Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company cut their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. Royal Bank Of Canada dropped their price target 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. Finally, Morgan Stanley dropped their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Stock Performance

NYSE:IT opened at $164.09 on Monday. The company has a fifty day simple moving average of $155.37 and a two-hundred day simple moving average of $187.60. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $430.19.

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