Analysts’ Weekly Ratings Changes for Gartner (IT)

Gartner (NYSE: IT) recently received a number of ratings updates from brokerages and research firms:

  • 2/10/2024 – Gartner was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 2/8/2024 – Gartner had its price target raised by analysts at BMO Capital Markets from $444.00 to $450.00. They now have a “market perform” rating on the stock.
  • 2/6/2024 – Gartner had its price target raised by analysts at UBS Group AG from $412.00 to $490.00. They now have a “neutral” rating on the stock.
  • 2/6/2024 – Gartner had its price target raised by analysts at Morgan Stanley from $421.00 to $446.00. They now have an “equal weight” rating on the stock.
  • 2/2/2024 – Gartner was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 1/17/2024 – Gartner was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/9/2024 – Gartner was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/29/2023 – Gartner was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/15/2023 – Gartner had its price target raised by analysts at Wells Fargo & Company from $380.00 to $435.00. They now have an “overweight” rating on the stock.

Gartner Stock Performance

NYSE IT opened at $450.97 on Tuesday. The firm has a market capitalization of $35.15 billion, a P/E ratio of 40.77, a P/E/G ratio of 4.21 and a beta of 1.30. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.86 and a quick ratio of 0.86. Gartner, Inc. has a 1-year low of $292.60 and a 1-year high of $471.76. The business’s 50-day simple moving average is $451.97 and its 200-day simple moving average is $394.35.

Gartner (NYSE:ITGet Free Report) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 166.35% and a net margin of 14.94%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $3.70 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Gartner, Inc. will post 11.42 EPS for the current year.

Insider Buying and Selling at Gartner

In related news, Director Richard J. Bressler sold 6,413 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $418.97, for a total transaction of $2,686,854.61. Following the sale, the director now directly owns 11,871 shares in the company, valued at approximately $4,973,592.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Craig Safian sold 4,387 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $467.37, for a total value of $2,050,352.19. Following the transaction, the chief financial officer now owns 64,307 shares of the company’s stock, valued at $30,055,162.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Bressler sold 6,413 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $418.97, for a total value of $2,686,854.61. Following the sale, the director now owns 11,871 shares of the company’s stock, valued at $4,973,592.87. The disclosure for this sale can be found here. Insiders have sold 14,369 shares of company stock worth $6,324,321 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. OFI Invest Asset Management bought a new position in shares of Gartner during the 3rd quarter worth approximately $25,000. BKM Wealth Management LLC purchased a new position in shares of Gartner during the 4th quarter valued at $26,000. MCF Advisors LLC purchased a new position in shares of Gartner during the 4th quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Gartner during the 4th quarter valued at $27,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Gartner during the 2nd quarter worth $27,000. 90.28% of the stock is owned by institutional investors.

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

Featured Articles

Receive News & Ratings for Gartner Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner Inc and related companies with MarketBeat.com's FREE daily email newsletter.