Blair William & Co. IL Acquires 78,610 Shares of Gartner, Inc. $IT

Blair William & Co. IL increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 198.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,194 shares of the information technology services provider’s stock after acquiring an additional 78,610 shares during the quarter. Blair William & Co. IL’s holdings in Gartner were worth $31,070,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Addison Advisors LLC bought a new position in Gartner during the second quarter worth $27,000. Osterweis Capital Management Inc. bought a new position in shares of Gartner in the second quarter valued at about $48,000. True Wealth Design LLC lifted its stake in shares of Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after buying an additional 147 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after buying an additional 167 shares during the last quarter. Finally, Caldwell Trust Co bought a new stake in shares of Gartner during the 2nd quarter worth about $81,000. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 1.1%

Shares of NYSE IT opened at $169.02 on Friday. The company has a market cap of $11.91 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.69 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $485.33. The stock has a 50-day moving average price of $198.32 and a two-hundred day moving average price of $227.60.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (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 revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, analysts forecast that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IT shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Finally, Barclays dropped their price target on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Four 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $190.70.

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.