Gartner, Inc. (NYSE:IT) Given Consensus Recommendation of “Hold” by Analysts

Gartner, Inc. (NYSE:IT) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $190.70.

A number of research firms have weighed in on IT. Wells Fargo & Company decreased their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. UBS Group set a $180.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of Gartner in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $175.00 price target on shares of Gartner in a research report on Wednesday, February 4th.

Insider Activity at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This trade represents a 63.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This trade represents a 6.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IT. Allianz Asset Management GmbH raised its holdings in Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after acquiring an additional 27,497 shares during the period. Madison Asset Management LLC grew its position in shares of Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares in the last quarter. Aviva PLC raised its stake in shares of Gartner by 6.1% during the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock valued at $23,671,000 after purchasing an additional 3,390 shares during the period. Buttonwood Financial Advisors Inc. bought a new stake in shares of Gartner during the 3rd quarter valued at $1,581,000. Finally, Resona Asset Management Co. Ltd. lifted its holdings in Gartner by 51.0% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 248,028 shares of the information technology services provider’s stock worth $65,068,000 after purchasing an additional 83,789 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 4.2%

Shares of NYSE:IT opened at $155.55 on Friday. The firm has a market cap of $10.96 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.50 and a beta of 1.06. Gartner has a 12-month low of $139.18 and a 12-month high of $500.20. The business has a fifty day simple moving average of $208.66 and a 200 day simple moving average of $230.69. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $5.45 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts predict that Gartner will post 12.5 earnings per share for the current year.

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.