BMO Capital Markets Lowers Gartner (NYSE:IT) Price Target to $206.00

Gartner (NYSE:IT) had its price objective dropped by stock analysts at BMO Capital Markets from $214.00 to $206.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the information technology services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 14.84% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Truist Financial set a $205.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Morgan Stanley set a $177.00 price target on Gartner in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, UBS Group lifted their target price on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $187.30.

Gartner Price Performance

NYSE:IT opened at $179.38 on Tuesday. Gartner has a 52-week low of $124.25 and a 52-week high of $265.85. The company has a market cap of $11.33 billion, a P/E ratio of 16.09, a P/E/G ratio of 0.60 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $148.43 and its 200 day simple moving average is $155.42.

Gartner (NYSE:IT) last issued 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. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts forecast that Gartner will post 14.44 EPS for the current fiscal year.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was 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 owned 6,208 shares in the company, valued at $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of the business’s 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 sale, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Institutional Trading of Gartner

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Gartner in the 2nd quarter valued at about $2,746,000. United Capital Financial Advisors LLC purchased a new stake in shares of Gartner during the second quarter valued at approximately $1,089,000. Jefferies Financial Group Inc. bought a new stake in Gartner during the second quarter worth $6,973,000. Public Employees Retirement System of Ohio purchased a new position in Gartner in the second quarter worth $2,410,000. Finally, Pure Financial Advisors LLC bought a new position in Gartner in the 2nd quarter valued at $380,000. Institutional investors own 91.51% of the company’s stock.

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.