180 Wealth Advisors LLC Buys Shares of 4,335 Gartner, Inc. $IT

180 Wealth Advisors LLC purchased a new stake in Gartner, Inc. (NYSE:IT) during the first quarter, Holdings Channel reports. The fund purchased 4,335 shares of the information technology services provider’s stock, valued at approximately $686,000.

Several other hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY increased its stake in shares of Gartner by 18.3% during the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after buying an additional 669,352 shares during the period. Capital International Investors grew its holdings in Gartner by 28.3% during 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 in the last quarter. State Street Corp increased its position in shares of 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 during the last quarter. Independent Franchise Partners LLP raised its holdings in shares of 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. Finally, Morgan Stanley raised its holdings in shares of Gartner by 5.8% in the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after purchasing an additional 136,233 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of analyst reports. Barclays lowered their target price 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. UBS Group cut their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. Finally, Morgan Stanley dropped their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.10.

Gartner Stock Performance

Shares of IT opened at $133.26 on Monday. The company’s 50 day simple moving average is $147.47 and its 200-day simple moving average is $170.46. The firm has a market cap of $8.92 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.73 and a beta of 0.97. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $386.05. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm 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%. Gartner’s revenue for the quarter 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. As a group, equities analysts predict that Gartner, Inc. will post 13.65 EPS 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.