Madison Asset Management LLC Sells 62,141 Shares of Gartner, Inc. $IT

Madison Asset Management LLC lowered its position in Gartner, Inc. (NYSE:IT) by 9.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 613,257 shares of the information technology services provider’s stock after selling 62,141 shares during the period. Gartner comprises 1.2% of Madison Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Madison Asset Management LLC’s holdings in Gartner were worth $97,103,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cresset Asset Management LLC grew its position in Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after acquiring an additional 47 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Gartner by 4.3% during the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Gartner by 5.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Gartner by 8.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE:IT opened at $141.09 on Tuesday. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $360.49. The firm’s fifty day simple moving average is $145.71 and its 200 day simple moving average is $165.66. 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 firm has a market capitalization of $9.45 billion, a PE ratio of 13.94, a PEG ratio of 0.77 and a beta of 0.97.

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, topping 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $2.98 EPS. The business’s revenue 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 13.61 EPS for the current year.

Analyst Ratings Changes

IT has been the topic of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock 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 report on Wednesday, July 15th. Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Barclays lowered their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, Morgan Stanley cut their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.10.

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.