Gartner (NYSE:IT) Stock Rating Cut to Hold at Truist Financial

Gartner (NYSE:IT) was downgraded by Truist Financial from a “buy” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $210.00 price objective on the information technology services provider’s stock. Truist Financial‘s price objective indicates a potential upside of 2.95% from the stock’s current price.

Several other brokerages have also weighed in on IT. Weiss Ratings lowered Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, October 26th. Wells Fargo & Company lifted their target price on Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 20th. BMO Capital Markets boosted their price target on Gartner from $206.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Zacks Research downgraded Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, The Goldman Sachs Group upped their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $196.00.

Gartner Price Performance

NYSE:IT opened at $203.99 on Wednesday. Gartner has a 12-month low of $124.25 and a 12-month high of $256.89. The company’s 50-day moving average is $197.07 and its two-hundred day moving average is $170.01. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.89 and a beta of 0.92. 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 announced its quarterly earnings data on Tuesday, November 3rd. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.75. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.76 earnings per share. Research analysts expect that Gartner will post 14.39 EPS for the current year.

Insider Buying and Selling at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne Fuchs sold 860 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% 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 valued at $1,172,858 in the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several institutional investors and hedge funds have recently modified their holdings of IT. Bamco Inc. NY bought a new stake in Gartner in the second quarter valued at about $985,243,000. BlackRock Inc. bought a new position in Gartner during the 2nd quarter worth approximately $676,246,000. Bank of America Corp DE lifted its holdings in Gartner by 60.1% during the 1st quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock worth $122,519,000 after buying an additional 290,499 shares during the last quarter. Madison Asset Management LLC acquired a new position in shares of Gartner in the 2nd quarter worth approximately $74,481,000. Finally, Bollard Group LLC grew its position in shares of Gartner by 35.1% in the 1st quarter. Bollard Group LLC now owns 364,462 shares of the information technology services provider’s stock worth $57,709,000 after acquiring an additional 94,718 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported Q3 adjusted earnings of $3.59 per share, above analyst expectations, while revenue of about $1.50 billion also topped estimates. The company raised its 2026 outlook, including adjusted EPS of at least $14.65 and EBITDA of at least $1.615 billion. Gartner Q3 2026 results
• Positive Sentiment: Management said companies are seeking Gartner’s advice as they look for practical returns from AI investments, a potential source of future demand. What spooked Gartner investors
• Negative Sentiment: Despite the annual forecast increase, Gartner’s implied Q4 earnings outlook fell short of Wall Street’s expectations, raising concern that near-term results may not meet the growth investors anticipated. Gartner outlook and Q4 forecast
• Negative Sentiment: Investors also focused on modest growth in a key contract-value measure—about 2.5%—and management’s view that reaching a 4% pace by year-end is unlikely. Revenue was slightly lower year over year, tempering the headline earnings beat. Gartner growth concerns

About Gartner

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.