Wick Capital Partners LLC Makes New Investment in Gartner, Inc. $IT

Wick Capital Partners LLC acquired a new stake in Gartner, Inc. (NYSE:IT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,295 shares of the information technology services provider’s stock, valued at approximately $16,977,000. Gartner accounts for 1.2% of Wick Capital Partners LLC’s investment portfolio, making the stock its 15th biggest position. Wick Capital Partners LLC owned about 0.09% of Gartner as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in IT. Physician Wealth Advisors Inc. grew 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 worth $25,000 after buying an additional 59 shares during the last quarter. DV Equities LLC purchased a new stake in Gartner during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. raised its stake in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Entrust Financial LLC acquired a new stake in Gartner during the 4th quarter worth approximately $26,000. Finally, Elyxium Wealth LLC acquired a new stake in Gartner during the 4th quarter worth approximately $28,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Price Performance

Shares of IT opened at $127.65 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock’s 50 day moving average is $153.58 and its two-hundred day moving average is $182.29. Gartner, Inc. has a twelve month low of $126.17 and a twelve month high of $409.76. The firm has a market capitalization of $8.55 billion, a PE ratio of 12.61, a P/E/G ratio of 0.74 and a beta of 0.94.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent research reports. The Goldman Sachs Group set a $162.00 target price on Gartner in a report on Tuesday, May 5th. Wells Fargo & Company decreased 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. Barclays lowered their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Finally, Morgan Stanley cut their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Gartner has an average rating of “Hold” and an average target price of $176.10.

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.