Kendall Capital Management Invests $332,000 in Gartner, Inc. $IT

Kendall Capital Management bought a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,558 shares of the information technology services provider’s stock, valued at approximately $332,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Gartner in the second quarter worth $676,246,000. Capital International Investors grew its stake in Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after purchasing an additional 884,250 shares in the last quarter. State Street Corp increased its holdings in Gartner by 2.8% during the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after purchasing an additional 96,809 shares during the period. Independent Franchise Partners LLP raised its position in Gartner by 3.5% in the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after purchasing an additional 112,439 shares in the last quarter. Finally, Morgan Stanley raised its position in Gartner by 5.8% in the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after purchasing an additional 136,233 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Up 1.2%

IT 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 business’s 50-day simple moving average is $151.55 and its 200-day simple moving average is $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, topping the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the firm’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 sale, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the business’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 of the company’s stock, valued at $1,179,892.48. This 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 currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IT shares. The Goldman Sachs Group boosted their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. BMO Capital Markets lowered their price target 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. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus 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.