Gartner (NYSE:IT) Stock Rating Lowered by Zacks Research

Gartner (NYSE:IT) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

A number of other analysts have also recently commented on IT. Truist Financial set a $205.00 price target on Gartner in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, August 5th. Morgan Stanley set a $177.00 target price on Gartner in a report on Wednesday, August 5th. BMO Capital Markets dropped their target price on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 18th. Finally, UBS Group increased their price target on shares of Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $188.50.

Gartner Stock Down 1.5%

NYSE:IT opened at $184.91 on Monday. 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 has a twelve month low of $124.25 and a twelve month high of $261.10. The company has a market cap of $11.68 billion, a PE ratio of 16.58, a P/E/G ratio of 0.71 and a beta of 0.98. The company’s 50 day moving average is $184.57 and its two-hundred day moving average is $161.24.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.76 by $0.61. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts anticipate that Gartner will post 14.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Anne Fuchs sold 860 shares of Gartner stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the transaction, the executive vice president directly owned 8,130 shares of the company’s stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 6,043 shares of company stock worth $1,172,858. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

A number of hedge funds and other institutional investors have recently made changes to their positions in IT. Bamco Inc. NY purchased a new position in shares of Gartner in the 2nd quarter valued at about $985,243,000. BlackRock Inc. purchased a new position in Gartner during the second quarter worth approximately $676,246,000. J. Stern & Co. LLP boosted its position in Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after purchasing an additional 1,518,333 shares in the last quarter. Bank of America Corp DE acquired a new stake in Gartner in the second quarter valued at approximately $117,661,000. Finally, Madison Asset Management LLC acquired a new stake in Gartner in the second quarter valued at approximately $74,481,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.