Capital International Ltd. CA Makes New Investment in Gartner, Inc. $IT

Capital International Ltd. CA acquired a new position in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,989 shares of the information technology services provider’s stock, valued at approximately $1,259,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Moran Wealth Management LLC bought a new stake in Gartner in the fourth quarter valued at $3,516,000. CWM LLC lifted its stake in Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after buying an additional 26,734 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after buying an additional 13,493 shares during the last quarter. Madison Asset Management LLC lifted its stake in Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares during the last quarter. Finally, Weitz Investment Management Inc. lifted its stake in Gartner by 22.1% in the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after buying an additional 19,450 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on IT. UBS Group raised their target price on Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Morgan Stanley cut their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Price Performance

Shares of NYSE IT opened at $164.09 on Monday. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $430.19. The firm’s 50-day simple moving average is $155.37 and its 200 day simple moving average is $187.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a market cap of $10.99 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.90 and a beta of 0.94.

Gartner (NYSE:IT) last issued its quarterly earnings data 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the business earned $2.98 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts expect that Gartner, Inc. will post 13.7 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.