Gartner, Inc. $IT Shares Bought by Unio Capital LLC

Unio Capital LLC raised its holdings in Gartner, Inc. (NYSE:IT) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,185 shares of the information technology services provider’s stock after acquiring an additional 20,932 shares during the period. Gartner makes up approximately 4.7% of Unio Capital LLC’s investment portfolio, making the stock its 13th largest position. Unio Capital LLC owned about 0.14% of Gartner worth $24,770,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IT. Independent Franchise Partners LLP acquired a new stake in Gartner in the 3rd quarter valued at about $840,166,000. Capital International Investors acquired a new stake in Gartner in the 3rd quarter valued at about $820,113,000. Norges Bank acquired a new stake in Gartner in the 4th quarter valued at about $299,576,000. Northwestern Mutual Wealth Management Co. raised its holdings in Gartner by 108,812.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after acquiring an additional 669,352 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 0.1%

Shares of NYSE IT opened at $142.57 on Wednesday. The company has a 50 day simple moving average of $154.46 and a 200-day simple moving average of $183.71. The company has a market capitalization of $9.54 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.78 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $409.95.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during 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 last year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on IT shares. Wells Fargo & Company cut their price objective 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. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. UBS Group cut their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada cut their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $176.10.

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.