Gartner (NYSE:IT) Given New $206.00 Price Target at BMO Capital Markets

Gartner (NYSE:IT) had its price target cut by stock analysts at BMO Capital Markets from $214.00 to $206.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the information technology services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 14.84% from the company’s current price.

A number of other research firms have also commented on IT. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Truist Financial set a $205.00 price target on shares of Gartner in a report on Wednesday, August 5th. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised 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. Finally, The Goldman Sachs Group boosted their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $187.30.

Gartner Stock Performance

Shares of IT stock opened at $179.38 on Tuesday. Gartner has a 12 month low of $124.25 and a 12 month high of $265.85. The stock has a market capitalization of $11.33 billion, a P/E ratio of 16.09, a PEG ratio of 0.60 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm’s 50 day moving average is $148.43 and its 200 day moving average is $155.42.

Gartner (NYSE:IT) last released its quarterly earnings data 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. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts anticipate that Gartner will post 14.44 earnings per share for the current year.

Insider Transactions at Gartner

In other Gartner news, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction that occurred on 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 trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Physician Wealth Advisors Inc. grew its position in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. DV Equities LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. increased its stake in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC bought a new stake in Gartner during the 4th quarter valued at $26,000. Finally, Bell Investment Advisors Inc raised its holdings in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Company Profile

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.