Goldman Sachs Group Inc. Boosts Position in Gartner, Inc. $IT

Goldman Sachs Group Inc. lifted its stake in shares of Gartner, Inc. (NYSE:IT) by 36.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,274,648 shares of the information technology services provider’s stock after buying an additional 339,500 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Gartner were worth $321,568,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares during the period. Rakuten Securities Inc. raised its holdings in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares during the period. Entrust Financial LLC acquired a new stake in shares of Gartner during the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Gartner during the 4th quarter worth about $28,000. Finally, Activest Wealth Management increased its position in shares of Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IT shares. Royal Bank Of Canada lowered their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Weiss Ratings cut shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Wells Fargo & Company dropped their target price on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Finally, Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Stock Performance

NYSE IT opened at $164.09 on Friday. The company has a market cap of $10.99 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50-day moving average of $155.37 and a two-hundred day moving average of $187.87. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $430.19.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, analysts anticipate that Gartner, Inc. will post 13.7 EPS 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.