Analysts Set Gartner, Inc. (NYSE:IT) Price Target at $311.67

Gartner, Inc. (NYSE:IT) has earned an average rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $311.6667.

Several brokerages have weighed in on IT. Truist Financial initiated coverage on Gartner in a research report on Thursday, October 16th. They set a “buy” rating and a $300.00 price target on the stock. Wells Fargo & Company lowered their price objective on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a research note on Wednesday, November 5th. Wolfe Research initiated coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. William Blair restated an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Morgan Stanley set a $307.00 price target on shares of Gartner in a research report on Monday, October 13th.

Gartner Price Performance

Shares of IT stock opened at $231.06 on Wednesday. The company has a market capitalization of $17.50 billion, a P/E ratio of 14.22 and a beta of 1.19. The company’s 50-day simple moving average is $246.58 and its two-hundred day simple moving average is $322.68. Gartner has a one year low of $222.54 and a one year high of $584.01. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, equities analysts anticipate that Gartner will post 12.5 EPS for the current year.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jose M. Gutierrez bought 417 shares of Gartner stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $239.80 per share, with a total value of $99,996.60. Following the completion of the acquisition, the director directly owned 2,080 shares of the company’s stock, valued at $498,784. This represents a 25.08% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IT. Applied Finance Capital Management LLC increased its position in shares of Gartner by 1.5% during the first quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock worth $816,000 after purchasing an additional 29 shares in the last quarter. Allworth Financial LP increased its position in Gartner by 5.6% during the 1st quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock valued at $235,000 after buying an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Gartner by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 31 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Gartner by 2.6% in the second quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock valued at $539,000 after buying an additional 34 shares during the last quarter. Finally, Accurate Wealth Management LLC boosted its holdings in Gartner by 2.8% in the second quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock worth $507,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Company Profile

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.