Gartner (NYSE:IT) Given New $182.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised Gartner’s price target to $182 from $177 while maintaining an “equal weight” rating, implying roughly 2.25% downside from the stock’s $186.20 opening price.
• Analyst sentiment remains cautious: Gartner has a consensus “Hold” rating and an average price target of $189, based on two Buy, seven Hold, and two Sell ratings.
• Gartner exceeded quarterly expectations with $4.37 in EPS versus $3.76 expected and $1.68 billion in revenue, although revenue declined 0.6% year over year. Insiders sold 6,043 shares during the last quarter.

Gartner (NYSE:IT - Get Free Report) had its price target hoisted by research analysts at Morgan Stanley from $177.00 to $182.00 in a report released on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the information technology services provider's stock. Morgan Stanley's target price points to a potential downside of 2.25% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Truist Financial set a $205.00 price target on shares of Gartner in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price target on shares of Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. BMO Capital Markets reduced their price objective on Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 18th. Finally, Zacks Research downgraded Gartner from a "strong-buy" rating to a "hold" rating in a report on Monday. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $189.00.

Gartner Stock Performance

Shares of NYSE IT opened at $186.20 on Thursday. The stock's 50-day moving average is $184.98 and its 200 day moving average is $161.43. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.70 and a beta of 0.98. Gartner has a 1-year low of $124.25 and a 1-year high of $261.10. 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 - Get Free Report) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (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 analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.Gartner's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts anticipate that Gartner will post 14.39 EPS for the current fiscal year.

Insider Activity

In other Gartner news, 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 completion of the sale, the executive vice president owned 6,208 shares of the company's stock, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robin Kranich sold 3,278 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares in the company, valued at approximately $4,000,347. This trade represents a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Large investors have recently modified their holdings of the business. Bamco Inc. NY bought a new position in Gartner during the 2nd quarter valued at approximately $985,243,000. Independent Franchise Partners LLP grew its position in shares of Gartner by 3.5% in 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. BlackRock Inc. purchased a new position in shares of Gartner during the second quarter valued at approximately $676,246,000. J. Stern & Co. LLP raised its holdings in shares of 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 valued at $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Gartner by 11.6% in the fourth quarter. Deutsche Bank AG now owns 1,181,830 shares of the information technology services provider's stock worth $298,152,000 after acquiring an additional 122,894 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Company Profile

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.

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