Gartner, Inc. (NYSE:IT) Receives Average Recommendation of “Hold” from Brokerages

Gartner, Inc. (NYSE:IT) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $187.30.

A number of research firms have recently weighed in on IT. Wells Fargo & Company boosted their price objective on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group raised their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report 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 report on Wednesday, August 5th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th.

Insiders Place Their Bets

In other news, EVP Robin B. Kranich sold 3,278 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the transaction, the executive vice president owned 20,358 shares of the company’s stock, valued at $4,000,347. This represents a 13.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gartner

A number of large investors have recently bought and sold shares of the stock. DV Equities LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $25,000. Entrust Financial LLC acquired a new stake in shares of Gartner during the 4th quarter worth $26,000. Bell Investment Advisors Inc raised its position in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after buying an additional 74 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Gartner in the 4th quarter worth $28,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Gartner in the first quarter valued at $34,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 5.1%

Gartner stock opened at $179.25 on Tuesday. The stock has a 50-day moving average price of $168.16 and a 200 day moving average price of $158.05. Gartner has a 52 week low of $124.25 and a 52 week high of $265.85. The stock has a market cap of $11.32 billion, a PE ratio of 16.08, a P/E/G ratio of 0.68 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

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, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned $3.53 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts predict that Gartner will post 14.39 earnings per share for the current fiscal year.

Gartner Company Profile

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.