Nicola Wealth Management LTD. Makes New Investment in Gartner, Inc. $IT

Nicola Wealth Management LTD. acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,500 shares of the information technology services provider’s stock, valued at approximately $8,956,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Gartner by 5.3% during the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after purchasing an additional 509,902 shares during the period. Bamco Inc. NY boosted its stake in shares of Gartner by 18.3% during the third 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 purchasing an additional 669,352 shares during the period. State Street Corp boosted its stake in shares of Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares during the period. Independent Franchise Partners LLP purchased a new stake in shares of Gartner during the third quarter valued at approximately $840,166,000. Finally, Capital International Investors purchased a new stake in shares of Gartner during the third quarter valued at approximately $820,113,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of IT stock opened at $160.35 on Monday. The stock has a fifty day moving average of $154.29 and a 200 day moving average of $192.19. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $446.32. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.88 and a beta of 0.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $2.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, research analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IT. Robert W. Baird set a $240.00 price objective on Gartner in a research note on Wednesday, February 4th. Royal Bank Of Canada dropped their price objective on 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 increased their price objective on Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wells Fargo & Company dropped their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $176.70.

Gartner 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.