Gartner (NYSE:IT) Price Target Raised to $182.00

Gartner (NYSE:IT) had its price objective raised by stock analysts at Morgan Stanley from $177.00 to $182.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s target price suggests a potential downside of 2.25% from the company’s previous close.

Several other equities analysts have also commented on the company. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Royal Bank Of Canada upped their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Zacks Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets cut their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $189.00.

Gartner Stock Up 0.7%

Shares of NYSE:IT opened at $186.20 on Thursday. Gartner has a 52-week low of $124.25 and a 52-week high of $261.10. The firm has a market capitalization of $11.76 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.70 and a beta of 0.98. The stock has a 50 day moving average price of $184.98 and a 200-day moving average price of $161.43. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $3.53 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities research analysts anticipate that Gartner will post 14.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne Fuchs sold 860 shares of Gartner stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,043 shares of company stock worth $1,172,858 in the last 90 days. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gartner

A number of institutional investors have recently made changes to their positions in IT. Bamco Inc. NY bought a new stake in shares of Gartner during the second quarter valued at approximately $985,243,000. Independent Franchise Partners LLP boosted its stake in Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after purchasing an additional 112,439 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Gartner in the 2nd quarter worth $676,246,000. J. Stern & Co. LLP raised its stake in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after purchasing an additional 1,518,333 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Gartner by 11.6% in the fourth quarter. Deutsche Bank AG now owns 1,181,830 shares of the information technology services provider’s stock worth $298,152,000 after purchasing an additional 122,894 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

About Gartner

Gartner, Inc is a global research and advisory firm that provides business leaders with insights, analysis and guidance on technology, digital transformation and related business strategies. The company serves organizations across industries, including corporations, government agencies and technology providers.

Gartner’s offerings include subscription-based research, consulting services, benchmarking and measurement tools, executive programs, and conferences and other events. Its research covers areas such as information technology, cybersecurity, cloud computing, artificial intelligence, data and analytics, human resources, finance, supply chains and customer experience.

Founded in 1979 by Gideon Gartner, the company has expanded its operations internationally and serves clients across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.