J. Stern & Co. LLP Purchases 1,518,333 Shares of Gartner, Inc. $IT

J. Stern & Co. LLP lifted its position in shares of Gartner, Inc. (NYSE:IT) by 8,182.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,536,890 shares of the information technology services provider’s stock after acquiring an additional 1,518,333 shares during the period. J. Stern & Co. LLP’s holdings in Gartner were worth $387,727,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in IT. Brighton Jones LLC bought a new position in shares of Gartner during the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new stake in Gartner in the second quarter worth about $336,000. Cresset Asset Management LLC raised its position in Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after acquiring an additional 191 shares during the period. Sei Investments Co. raised its position in Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after acquiring an additional 50,251 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

NYSE IT opened at $142.57 on Wednesday. The company’s 50 day moving average is $154.46 and its 200-day moving average is $183.71. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $409.95. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The firm has a market cap of $9.54 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.78 and a beta of 0.94.

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

Analyst Ratings Changes

Several brokerages have commented on IT. Barclays lowered their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Royal Bank Of Canada lowered their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley lowered their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. UBS Group lowered their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $176.10.

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.