Capital Group Private Client Services Inc. Takes $1.62 Million Position in Gartner, Inc. $IT

Capital Group Private Client Services Inc. purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 6,154 shares of the information technology services provider’s stock, valued at approximately $1,618,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Addison Advisors LLC bought a new position in shares of Gartner in the second quarter valued at about $27,000. True Wealth Design LLC grew its holdings in 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 acquiring an additional 147 shares during the last quarter. Versant Capital Management Inc increased its position in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 167 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in Gartner in the 2nd quarter valued at about $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Gartner in the third quarter worth about $58,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of IT opened at $159.08 on Wednesday. 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 1 year low of $139.18 and a 1 year high of $471.68. The stock has a market cap of $11.21 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The stock’s 50-day moving average price is $194.67 and its two-hundred day moving average price is $226.30.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.Gartner’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Wall Street Analyst Weigh In

IT has been the topic of a number of research reports. Barclays reduced their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a report on Wednesday, February 4th. Morgan Stanley decreased their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company dropped their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. 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 company presently has a consensus rating of “Hold” and a consensus target price of $190.70.

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.