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

Shares of Gartner, Inc. (NYSE:IT) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $185.50.

Several research firms recently commented on IT. Wells Fargo & Company raised their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, UBS Group boosted their target price on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th.

Gartner Stock Performance

Shares of IT opened at $181.06 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 capitalization of $11.43 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The firm’s fifty day simple moving average is $148.05 and its two-hundred day simple moving average is $155.79. Gartner has a 12 month low of $124.25 and a 12 month high of $265.85.

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

Insider Buying and Selling at Gartner

In related news, 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 value of $158,498.00. Following the completion of the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the company’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 value of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Gartner in the 2nd quarter worth $676,246,000. Capital International Investors raised its holdings in Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the last quarter. State Street Corp lifted its stake in shares of Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after buying an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in shares of Gartner by 3.5% during the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after buying an additional 112,439 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Gartner by 5.8% during the fourth quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after buying an additional 136,233 shares during the last quarter. 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.