Neo Ivy Capital Management Takes $2.99 Million Position in Gartner, Inc. $IT

Neo Ivy Capital Management acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,386 shares of the information technology services provider’s stock, valued at approximately $2,993,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Gartner in the 4th quarter valued at about $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner during the second quarter worth about $336,000. Eukles Asset Management increased its position in shares of Gartner by 4.0% in the second quarter. Eukles Asset Management now owns 8,232 shares of the information technology services provider’s stock worth $3,328,000 after purchasing an additional 318 shares during the last quarter. Savant Capital LLC increased its position in shares of Gartner by 16.8% in the second quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider’s stock worth $573,000 after purchasing an additional 204 shares during the last quarter. Finally, Shade Tree Advisors LLC purchased a new stake in Gartner in the second quarter valued at approximately $1,512,000. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 1.1%

IT stock opened at $169.02 on Friday. The company has a market capitalization of $11.91 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. Gartner, Inc. has a one year low of $139.18 and a one year high of $485.33. The company’s 50 day moving average price is $198.32 and its two-hundred day moving average price is $227.70.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.50 by $0.44. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Barclays cut their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, UBS Group set a $180.00 target price on Gartner in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $190.70.

Insider Activity

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the acquisition, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

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.