WINTON GROUP Ltd Acquires Shares of 20,791 Gartner, Inc. $IT

WINTON GROUP Ltd bought a new position in shares of Gartner, Inc. (NYSE:IT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,791 shares of the information technology services provider’s stock, valued at approximately $2,695,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Gartner in the second quarter valued at approximately $2,872,000. Wedge Capital Management L L P NC increased its stake in Gartner by 34.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 54,196 shares of the information technology services provider’s stock worth $7,025,000 after acquiring an additional 13,776 shares during the period. Bank of America Corp DE raised its holdings in Gartner by 60.1% in the 1st quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after acquiring an additional 290,499 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Gartner during the 4th quarter valued at $309,000. Finally, Mattern Capital Management LLC bought a new stake in shares of Gartner during the 1st quarter valued at $1,385,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

IT stock opened at $179.25 on Friday. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.64 and a beta of 0.96. 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 company has a 50 day simple moving average of $168.16 and a 200 day simple moving average of $158.05. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Research analysts anticipate that Gartner, Inc. will post 14.39 EPS for the current fiscal year.

Insider Transactions at Gartner

In other news, EVP Robin B. Kranich sold 3,278 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president directly owned 20,358 shares in the company, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IT shares. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group increased their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada upped their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price target on shares of Gartner in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus price target of $187.30.

About Gartner

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.