77,515 Shares in Gartner, Inc. $IT Purchased by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 77,515 shares of the information technology services provider’s stock, valued at approximately $10,119,000. Gartner comprises 2.2% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 17th biggest position. Foyston Gordon & Payne Inc owned 0.12% of Gartner at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $309,000. Sivia Capital Partners LLC acquired a new position in Gartner during the second quarter worth about $336,000. Cresset Asset Management LLC raised its holdings in shares of Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after buying an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Gartner by 111.5% during 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 purchasing an additional 50,251 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 1.2%

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

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

Insiders Place Their Bets

In related news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated 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 represents a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IT has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Truist Financial set a $205.00 target price on shares of Gartner in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada upped their price target on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $187.30.

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.