Wedge Capital Management L L P NC Buys 13,776 Shares of Gartner, Inc. $IT

Wedge Capital Management L L P NC raised its position in shares of Gartner, Inc. (NYSE:IT) by 34.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 54,196 shares of the information technology services provider’s stock after purchasing an additional 13,776 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Gartner were worth $7,025,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IT. Capital International Investors boosted its stake in shares of Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after purchasing an additional 884,250 shares during the last quarter. State Street Corp raised its stake in Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after buying an additional 96,809 shares during the last quarter. Independent Franchise Partners LLP lifted its holdings in Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after buying an additional 112,439 shares during the period. Morgan Stanley boosted its position in Gartner by 5.8% during the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after acquiring an additional 136,233 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Gartner by 51.9% during the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after acquiring an additional 646,052 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In related news, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by company insiders.

Gartner Price Performance

Shares of IT opened at $179.88 on Thursday. The business’s fifty day moving average is $147.34 and its 200 day moving average is $156.52. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $12.04 billion, a P/E ratio of 16.13, a P/E/G ratio of 0.62 and a beta of 0.94.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $3.53 EPS. Gartner’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

More Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Recent earnings exceeded expectations. Gartner reported quarterly adjusted EPS of $4.37, above the $3.76 consensus estimate, while revenue of $1.68 billion also topped forecasts. EPS increased from $3.53 a year earlier, indicating continued profitability and cost discipline. Gartner Q2 2026 earnings call transcript
• Positive Sentiment: AI spending trends remain a potential tailwind. Gartner forecasts global AI infrastructure spending will nearly double to $42.3 billion in 2026, supporting long-term demand for technology research and advisory services, although this is an industry forecast rather than revised company guidance. Gartner AI infrastructure spending forecast
• Neutral Sentiment: Analyst views remain mixed. Recent targets range from $120 to $205, with a median target of $162 and a consensus rating of “Hold.” This suggests investors see valuation support from earnings but limited confidence in a near-term growth reacceleration.
• Negative Sentiment: Contract value growth and consulting demand are weak. Gartner’s first-quarter 2026 global contract value increased only 1% on an FX-neutral basis, while consulting revenue declined sharply year over year. These trends raise concerns about the durability of Gartner’s subscription-like revenue base and broader demand.
• Negative Sentiment: Revenue growth remains subdued. Despite the quarterly beat, revenue declined 0.6% from the prior year. Investors are questioning whether strong earnings can continue without a meaningful improvement in contract value growth and consulting activity.
• Negative Sentiment: Insider selling adds to cautious sentiment. Three insiders sold shares during the past six months, including EVP Yvonne Genovese’s sale of 1,205 shares for approximately $229,000 and Director Anne Sutherland Fuchs’s sale of 860 shares for roughly $158,500. These transactions are not proof of deteriorating fundamentals but may weigh modestly on investor confidence. SEC insider transaction filing
• Negative Sentiment: Shareholder litigation scrutiny has emerged. Bernstein Liebhard LLP announced an investigation into potential breaches of fiduciary duty by certain Gartner directors and officers. The announcement contains no finding of wrongdoing, but it introduces an additional headline risk for shareholders. Gartner shareholder investigation alert

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. UBS Group boosted their price target on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus target price of $185.50.

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.