Nicola Wealth Management LTD. Makes New $8.96 Million Investment in Gartner, Inc. $IT

Nicola Wealth Management LTD. acquired a new position in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,500 shares of the information technology services provider’s stock, valued at approximately $8,956,000.

Other institutional investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC bought a new position in Gartner in the fourth quarter worth $3,516,000. GHP Investment Advisors Inc. increased its holdings in shares of Gartner by 111.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after acquiring an additional 13,493 shares in the last quarter. CWM LLC increased its holdings in shares of Gartner by 86.4% during the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after acquiring an additional 26,734 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Gartner by 28.9% during the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after acquiring an additional 27,497 shares in the last quarter. Finally, Madison Asset Management LLC increased its holdings in shares of Gartner by 1.8% during the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after acquiring an additional 12,998 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on IT shares. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company reduced their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Truist Financial cut their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Barclays cut their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Price Performance

NYSE IT opened at $160.35 on Monday. Gartner, Inc. has a one year low of $139.18 and a one year high of $446.32. The stock has a 50-day moving average of $154.29 and a 200 day moving average of $192.19. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.88 and a beta of 0.91. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping the consensus estimate of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $2.98 EPS. Gartner’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 13.7 EPS for the current year.

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.