Analysts Set Gartner, Inc. (NYSE:IT) PT at $185.50

Shares of Gartner, Inc. (NYSE:IT) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $187.30.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on shares of Gartner in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price target on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective 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. Finally, BMO Capital Markets dropped their target price on Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday.

Gartner Stock Up 0.1%

IT stock opened at $193.09 on Friday. The business’s 50-day moving average price is $150.59 and its 200-day moving average price is $154.87. The stock has a market cap of $12.19 billion, a P/E ratio of 17.32, a PEG ratio of 0.64 and a beta of 0.94. 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 $265.85.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $3.53 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner will post 14.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently modified their holdings of the stock. Physician Wealth Advisors Inc. lifted 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 worth $25,000 after buying an additional 59 shares during the period. DV Equities LLC purchased a new position in shares of Gartner during the fourth quarter valued at $25,000. Rakuten Securities Inc. raised its holdings in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new stake in Gartner in the fourth quarter worth about $26,000. Finally, Bell Investment Advisors Inc lifted its stake in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 74 shares during the period. 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.