Independent Franchise Partners LLP Acquires Shares of 3,196,127 Gartner, Inc. $IT

Independent Franchise Partners LLP bought a new stake in Gartner, Inc. (NYSE:IT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,196,127 shares of the information technology services provider’s stock, valued at approximately $840,166,000. Gartner comprises approximately 5.5% of Independent Franchise Partners LLP’s holdings, making the stock its 6th largest holding. Independent Franchise Partners LLP owned 4.22% of Gartner at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Osterweis Capital Management Inc. acquired a new position in Gartner in the 2nd quarter valued at about $48,000. True Wealth Design LLC lifted its position in Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 147 shares during the period. Versant Capital Management Inc lifted its position in Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares during the period. Caldwell Trust Co purchased a new position in shares of Gartner in the 2nd quarter valued at approximately $81,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Gartner in the 2nd quarter valued at approximately $83,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. UBS Group set a $180.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Truist Financial cut their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.70.

Gartner Trading Up 3.7%

NYSE:IT opened at $166.54 on Friday. 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 stock has a fifty day simple moving average of $189.59 and a 200-day simple moving average of $224.86. The company has a market capitalization of $11.73 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company earned $5.45 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. 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 fiscal 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.