Gartner (NYSE:IT) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Gartner (NYSE:IT) from a strong-buy rating to a hold rating in a report published on Monday,Zacks reports.

A number of other research analysts have also recently issued reports on the stock. Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research note on Monday. Finally, BMO Capital Markets lowered their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $188.50.

Gartner Trading Up 0.7%

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

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 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 firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm earned $3.53 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts predict that Gartner will post 14.39 EPS for the current fiscal year.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the sale, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director 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 have sold 6,043 shares of company stock valued at $1,172,858 in the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gartner

Several hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC acquired a new position in Gartner in the 3rd quarter worth about $30,000. Bell Investment Advisors Inc boosted its stake in shares of Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Gartner during the first quarter valued at about $34,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Gartner by 107.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 122 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Gartner by 109.2% during the third quarter. CX Institutional now owns 274 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds 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.