Farringdon Capital Ltd. Buys Shares of 2,926 Gartner, Inc. $IT

Farringdon Capital Ltd. purchased a new stake in shares of Gartner, Inc. (NYSE:IT) in the second quarter, HoldingsChannel.com reports. The fund purchased 2,926 shares of the information technology services provider’s stock, valued at approximately $379,000.

Other institutional investors have also modified their holdings of the company. Westpac Banking Corp purchased a new position in Gartner in the 2nd quarter valued at approximately $409,000. Landscape Capital Management L.L.C. purchased a new stake in Gartner during the second quarter worth $1,459,000. Ieq Capital LLC acquired a new stake in Gartner in the second quarter valued at $18,770,000. Callan Family Office LLC acquired a new stake in Gartner in the second quarter valued at $419,000. Finally, Paralel Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at $1,895,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts recently commented on IT shares. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. BMO Capital Markets dropped their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a report on Tuesday, August 18th. Royal Bank Of Canada lifted their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price target on shares of Gartner in a report on Wednesday, August 5th. Finally, UBS Group increased their price target on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Stock Up 1.2%

Shares of NYSE:IT opened at $195.92 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The stock’s fifty day simple moving average is $151.55 and its 200-day simple moving average is $155.15. The company has a market capitalization of $12.37 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.65 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $3.53 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

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.