Foyston Gordon & Payne Inc Buys Shares of 32,074 Gartner, Inc. $IT

Foyston Gordon & Payne Inc purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the third quarter, HoldingsChannel.com reports. The fund purchased 32,074 shares of the information technology services provider’s stock, valued at approximately $8,431,000. Gartner accounts for approximately 1.8% of Foyston Gordon & Payne Inc’s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IT. Vanguard Group Inc. grew its stake in Gartner by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after buying an additional 509,902 shares during the last quarter. State Street Corp boosted its holdings in Gartner by 2.9% in the second quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after acquiring an additional 96,172 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Gartner by 4.1% during the second quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after acquiring an additional 89,877 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Gartner by 71.7% during the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock valued at $469,507,000 after acquiring an additional 485,188 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Gartner in the 2nd quarter valued at approximately $394,133,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set 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 objective on shares of Gartner in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Royal Bank Of Canada set a $175.00 target price on Gartner in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their price target on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus target price of $190.70.

Gartner Stock Performance

NYSE IT opened at $157.06 on Friday. The firm has a market capitalization of $11.06 billion, a P/E ratio of 16.28, a PEG ratio of 1.58 and a beta of 1.06. The stock has a 50-day simple moving average of $206.80 and a two-hundred day simple moving average of $230.22. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $499.72.

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

Insider Transactions at Gartner

In other Gartner news, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the transaction, the executive vice president owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen G. Pagliuca bought 43,300 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the transaction, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.30% of the company’s stock.

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.