Isthmus Partners LLC Purchases 32,666 Shares of Gartner, Inc. $IT

Isthmus Partners LLC lifted its position in Gartner, Inc. (NYSE:IT) by 88.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,803 shares of the information technology services provider’s stock after buying an additional 32,666 shares during the quarter. Isthmus Partners LLC’s holdings in Gartner were worth $11,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Evergreen Private Wealth LLC raised its holdings in Gartner by 45.9% in the 1st quarter. Evergreen Private Wealth LLC now owns 779 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 245 shares during the period. Praxis Investment Management Inc. boosted its holdings in Gartner by 84.3% during the first quarter. Praxis Investment Management Inc. now owns 2,862 shares of the information technology services provider’s stock valued at $453,000 after acquiring an additional 1,309 shares during the period. V Square Quantitative Management LLC grew its position in shares of Gartner by 12.0% in the first quarter. V Square Quantitative Management LLC now owns 3,159 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 338 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Gartner by 214.5% in the first quarter. HB Wealth Management LLC now owns 6,753 shares of the information technology services provider’s stock valued at $1,069,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of Gartner in the first quarter worth about $583,000. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

NYSE:IT opened at $134.59 on Thursday. The firm’s 50-day moving average is $148.15 and its 200-day moving average is $172.11. The company has a market cap of $9.01 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.78 and a beta of 0.97. 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, Inc. has a 52-week low of $124.25 and a 52-week high of $401.60.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company earned $2.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts anticipate that Gartner, Inc. will post 13.65 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on IT. Morgan Stanley cut their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Barclays dropped their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Royal Bank Of Canada cut their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. Finally, UBS Group reduced their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $174.10.

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.