Gartner, Inc. (NYSE:IT) Given Average Rating of “Hold” by Brokerages

Gartner, Inc. (NYSE:IT) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $187.30.

IT has been the topic of several recent research reports. BMO Capital Markets dropped their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a report on Tuesday, August 18th. Royal Bank Of Canada boosted their price target on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Wells Fargo & Company upped their price target on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Finally, UBS Group reissued a “neutral” rating and set a $196.00 price objective on shares of Gartner in a report on Thursday.

Insider Buying and Selling

In related news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on 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 directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the sale, the executive vice president owned 8,130 shares of the company’s stock, valued at $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,043 shares of company stock worth $1,172,858 over the last quarter. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Gartner by 9,136.9% in the second quarter. California State Teachers Retirement System now owns 9,852,805 shares of the information technology services provider’s stock worth $1,277,121,000 after purchasing an additional 9,746,137 shares during the last quarter. Bamco Inc. NY purchased a new stake in Gartner in the second quarter valued at approximately $985,243,000. BlackRock Inc. acquired a new position in Gartner in the 2nd quarter worth approximately $676,246,000. Capital International Investors increased its holdings in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares during the period. Finally, Independent Franchise Partners LLP raised its position in Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after buying an additional 112,439 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Trading Up 9.8%

Shares of NYSE IT opened at $197.20 on Tuesday. 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 business has a fifty day simple moving average of $169.40 and a two-hundred day simple moving average of $158.49. The firm has a market cap of $12.45 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. Gartner has a twelve month low of $124.25 and a twelve month high of $265.85.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) 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 the consensus estimate of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 (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.