Gartner, Inc. (NYSE:IT) Receives $185.50 Average PT from Analysts

Gartner, Inc. (NYSE:IT) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $187.30.

IT has been the topic of a number of recent research reports. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Royal Bank Of Canada raised their price target on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group boosted their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. UBS Group upped their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price objective on Gartner in a research note on Wednesday, August 5th.

Insider Transactions at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the sale, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC grew its position in shares of Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after acquiring an additional 47 shares during the period. Horizon Investments LLC increased its stake 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 worth $312,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake 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 worth $268,000 after purchasing an additional 56 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings 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 period. Finally, Valeo Financial Advisors LLC raised its holdings 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 period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

Shares of IT opened at $182.64 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $11.53 billion, a P/E ratio of 16.38, a PEG ratio of 0.60 and a beta of 0.94. The company has a 50-day moving average of $148.94 and a two-hundred day moving average of $155.12. Gartner has a 12-month low of $124.25 and a 12-month high of $265.85.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the business earned $3.53 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, research analysts predict that Gartner will post 14.44 EPS for the current fiscal year.

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.