Saturna Capital Corp Has $346,000 Holdings in Gartner, Inc. $IT

Saturna Capital Corp decreased its stake in Gartner, Inc. (NYSE:IT) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,371 shares of the information technology services provider’s stock after selling 112,570 shares during the quarter. Saturna Capital Corp’s holdings in Gartner were worth $346,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IT. Physician Wealth Advisors Inc. lifted its holdings in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Rakuten Securities Inc. increased its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC bought a new position in Gartner during the 4th quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in Gartner in the fourth quarter valued at about $28,000. Finally, Activest Wealth Management grew its stake in Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after buying an additional 116 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Down 1.4%

IT opened at $155.13 on Thursday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.86 and a beta of 0.94. The firm has a 50 day simple moving average of $155.40 and a 200 day simple moving average of $186.17. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $424.86.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $2.98 earnings per share. The business’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 anticipate that Gartner, Inc. will post 13.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. 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. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $176.70.

About Gartner

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.