Westerkirk Capital Inc. Buys Shares of 2,891 Gartner, Inc. $IT

Westerkirk Capital Inc. bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 2,891 shares of the information technology services provider’s stock, valued at approximately $1,169,000.

A number of other hedge funds have also made changes to their positions in IT. Addison Advisors LLC acquired a new stake in Gartner in the second quarter valued at $27,000. Ransom Advisory Ltd bought a new stake in shares of Gartner in the 1st quarter worth about $29,000. Chilton Capital Management LLC acquired a new stake in shares of Gartner in the 2nd quarter valued at about $47,000. Bayforest Capital Ltd lifted its position in shares of Gartner by 527.3% during the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 116 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of Gartner during the first quarter worth about $69,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 0.8%

Shares of NYSE IT opened at $228.93 on Wednesday. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The company has a market cap of $16.50 billion, a price-to-earnings ratio of 14.09 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The stock’s 50 day simple moving average is $241.81 and its 200 day simple moving average is $303.72.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IT shares. Truist Financial set a $300.00 price objective on Gartner in a report on Wednesday, November 26th. BMO Capital Markets decreased their target price on Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, November 5th. Wells Fargo & Company dropped their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. The Goldman Sachs Group reduced their price objective on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $311.67.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.