Fayez Sarofim & Co Purchases 30,313 Shares of Gartner, Inc. $IT

Fayez Sarofim & Co boosted its position in Gartner, Inc. (NYSE:IT) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,066 shares of the information technology services provider’s stock after buying an additional 30,313 shares during the quarter. Fayez Sarofim & Co owned approximately 0.59% of Gartner worth $112,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of IT. Brighton Jones LLC purchased a new stake in shares of Gartner in the 4th quarter valued at $309,000. Sivia Capital Partners LLC purchased a new position in Gartner in the 2nd quarter worth $336,000. Savant Capital LLC raised 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 purchasing an additional 204 shares during the period. Police & Firemen s Retirement System of New Jersey lifted 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 purchasing an additional 451 shares during the last quarter. Finally, Candriam S.C.A. lifted 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 purchasing an additional 123 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of Gartner stock opened at $166.54 on Monday. The company’s fifty day simple moving average is $189.59 and its two-hundred day simple moving average is $224.58. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $464.87. The firm has a market cap of $11.73 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

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 the consensus estimate of $3.50 by $0.44. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Wells Fargo & Company dropped their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Finally, Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.70.

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.