77,515 Shares in Gartner, Inc. $IT Purchased by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc purchased a new stake in Gartner, Inc. (NYSE:IT) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 77,515 shares of the information technology services provider’s stock, valued at approximately $10,119,000. Gartner accounts for about 2.2% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 17th biggest holding.

Other large investors also recently modified their holdings of the company. Cresset Asset Management LLC increased its holdings in Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares in the last quarter. Horizon Investments LLC increased its stake in shares of Gartner by 4.3% in the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after buying an additional 51 shares during the period. Brown Brothers Harriman & Co. raised its holdings in Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in 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 last quarter. Finally, Valeo Financial Advisors LLC increased its position in Gartner by 8.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 68 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Anne Sutherland Fuchs sold 860 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Gartner Stock Up 1.2%

Shares of NYSE:IT opened at $195.92 on Friday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 0.65 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50-day moving average is $151.55 and its 200-day moving average is $155.15. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current year.

Analysts Set New Price Targets

IT has been the topic of several analyst reports. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wells Fargo & Company raised their price objective on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets lowered their price target on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $187.30.

Gartner 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.