Impact Partnership Wealth LLC Purchases Shares of 3,700 Gartner, Inc. $IT

Impact Partnership Wealth LLC purchased a new stake in Gartner, Inc. (NYSE:IT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,700 shares of the information technology services provider’s stock, valued at approximately $933,000.

Other large investors also recently made changes to their positions in the company. Moran Wealth Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $3,516,000. CWM LLC increased its stake in shares of Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after purchasing an additional 13,493 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Gartner by 28.9% in the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares during the period. Finally, Madison Asset Management LLC increased its stake in shares of Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. UBS Group raised their price objective 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. Morgan Stanley lowered their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, 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 note on Friday, April 10th. Two research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Price Performance

NYSE IT opened at $162.45 on Friday. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $437.84. 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 firm has a market capitalization of $10.88 billion, a PE ratio of 16.05, a P/E/G ratio of 0.88 and a beta of 0.91. The company’s 50 day simple moving average is $154.16 and its 200 day simple moving average is $190.02.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 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 business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business 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. As a group, equities research analysts forecast that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Gartner Company 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.