Saturna Capital Corp Sells 112,570 Shares of Gartner, Inc. $IT

Saturna Capital Corp lowered its stake in Gartner, Inc. (NYSE:IT) by 98.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,371 shares of the information technology services provider’s stock after selling 112,570 shares during the period. Saturna Capital Corp’s holdings in Gartner were worth $346,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Physician Wealth Advisors Inc. raised its stake in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Rakuten Securities Inc. boosted its position in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the period. Entrust Financial LLC bought a new stake in Gartner during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new position in Gartner during the fourth quarter valued at approximately $28,000. Finally, Activest Wealth Management grew its holdings in Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IT. Royal Bank Of Canada reduced their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. UBS Group lifted their target price on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research report on Tuesday, May 5th. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Finally, Barclays lowered their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $176.70.

Gartner Stock Performance

IT opened at $155.13 on Thursday. The stock’s 50 day simple moving average is $155.40 and its 200-day simple moving average is $186.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a market cap of $10.39 billion, a PE ratio of 15.33, a P/E/G ratio of 0.86 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $424.86.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts forecast that Gartner, Inc. will post 13.8 EPS for the current year.

Gartner Company 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.