Farringdon Capital Ltd. Invests $379,000 in Gartner, Inc. $IT

Farringdon Capital Ltd. bought a new stake in Gartner, Inc. (NYSE:IT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,926 shares of the information technology services provider’s stock, valued at approximately $379,000.

A number of other hedge funds have also recently modified their holdings of the stock. Cresset Asset Management LLC boosted its position in shares of Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 47 shares during the period. Horizon Investments LLC increased its holdings in shares of Gartner by 4.3% in the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. raised its position in Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Gartner by 8.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 68 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 1.2%

Shares of Gartner stock opened at $195.92 on Friday. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85. The company has a market cap of $12.37 billion, a P/E ratio of 17.57, a PEG ratio of 0.65 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average of $151.55 and a two-hundred day moving average of $155.15.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm earned $3.53 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current year.

Insider Buying and Selling

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director owned 8,097 shares in the company, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on IT shares. Royal Bank Of Canada increased their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Morgan Stanley set a $177.00 price objective on Gartner in a research note on Wednesday, August 5th. UBS Group increased their price objective on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $187.30.

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.