Madison Asset Management LLC Makes New Investment in Gartner, Inc. $IT

Madison Asset Management LLC purchased a new stake in Gartner, Inc. (NYSE:IT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 574,609 shares of the information technology services provider’s stock, valued at approximately $74,481,000. Madison Asset Management LLC owned about 0.86% of Gartner at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Gartner in the 2nd quarter worth approximately $676,246,000. J. Stern & Co. LLP lifted its stake in Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after purchasing an additional 1,518,333 shares during the last quarter. Norges Bank bought a new stake in Gartner during the fourth quarter worth approximately $299,576,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Gartner by 108,812.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 6.1%

NYSE:IT opened at $193.18 on Thursday. The business’s fifty day moving average price is $149.70 and its 200 day moving average price is $154.98. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.60 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $265.85.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IT shares. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a report on Wednesday, August 5th. UBS Group boosted their target price on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 target price on Gartner in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.