Gartner, Inc. (NYSE:IT) Stock Has Average Price Target of $187.30 According to Analysts

Shares of Gartner, Inc. (NYSE:IT) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $188.50.

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Truist Financial set a $205.00 price objective on shares of Gartner in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th.

Insider Transactions at Gartner

In other news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated 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 approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akhil Jain sold 700 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the sale, the executive vice president directly owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This trade represents a 7.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,043 shares of company stock valued at $1,172,858. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mufg Securities Americas Inc. boosted its position in shares of Gartner by 3.5% in the second quarter. Mufg Securities Americas Inc. now owns 2,017 shares of the information technology services provider’s stock worth $261,000 after buying an additional 68 shares during the period. Bell Investment Advisors Inc raised its holdings in shares of Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the period. Empirical Finance LLC lifted its position in Gartner by 2.9% during the 2nd quarter. Empirical Finance LLC now owns 2,774 shares of the information technology services provider’s stock worth $360,000 after acquiring an additional 77 shares in the last quarter. Syon Capital LLC lifted its position in Gartner by 5.3% during the 2nd quarter. Syon Capital LLC now owns 1,623 shares of the information technology services provider’s stock worth $210,000 after acquiring an additional 82 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Gartner by 50.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock worth $38,000 after acquiring an additional 98 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Performance

NYSE:IT opened at $187.97 on Friday. The firm’s fifty day simple moving average is $183.99 and its 200-day simple moving average is $161.05. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $11.87 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.70 and a beta of 0.98. Gartner has a fifty-two week low of $124.25 and a fifty-two week high of $261.10.

Gartner (NYSE:IT) last released 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 business had revenue of $1.68 billion for 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 company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts expect that Gartner will post 14.39 earnings per share for the current fiscal year.

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.