Distillate Capital Partners LLC Makes New Investment in Gartner, Inc. $IT

Distillate Capital Partners LLC purchased a new position in Gartner, Inc. (NYSE:IT) during the third quarter, Holdings Channel reports. The fund purchased 57,957 shares of the information technology services provider’s stock, valued at approximately $15,243,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Gartner during the fourth quarter valued at about $309,000. Sivia Capital Partners LLC bought a new stake in Gartner in the 2nd quarter worth approximately $336,000. Savant Capital LLC lifted its position in Gartner by 16.8% in the 2nd quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider’s stock worth $573,000 after buying an additional 204 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Gartner by 4.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,417 shares of the information technology services provider’s stock worth $4,615,000 after buying an additional 451 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in Gartner by 1.8% in the second quarter. Candriam S.C.A. now owns 6,833 shares of the information technology services provider’s stock worth $2,762,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on IT shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Morgan Stanley reduced their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Robert W. Baird set a $240.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Finally, Truist Financial decreased their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $190.70.

Gartner Stock Up 3.7%

Shares of NYSE IT opened at $166.54 on Monday. The firm’s fifty day moving average is $189.59 and its 200 day moving average is $224.58. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $464.87. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.67 and a beta of 1.08.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the company posted $5.45 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

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.