Gartner, Inc. (NYSE:IT) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Gartner has a consensus “Hold” rating from 11 analysts, with two sell ratings, six holds, two buys and one strong buy. The average 12-month price target is $187.30.
• Gartner exceeded quarterly expectations, reporting $4.37 in EPS versus the $3.76 consensus and $1.68 billion in revenue versus $1.65 billion expected, although revenue declined 0.6% year over year.
• Insiders sold 6,043 shares worth approximately $1.17 million over the past three months, while institutional investors own a substantial 91.51% of the company.

Gartner, Inc. (NYSE:IT - Get Free Report) has been given an average recommendation of "Hold" by the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $187.30.

A number of research analysts have issued reports on the stock. Morgan Stanley set a $177.00 target price on shares of Gartner in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. The Goldman Sachs Group raised their price objective on Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 price objective on Gartner in a report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their target price on Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th.

Insider Activity

In other Gartner news, EVP Robin Kranich sold 3,278 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. This represents a 13.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gartner

Several institutional investors and hedge funds have recently added to or reduced their stakes in IT. Parkside Financial Bank & Trust increased its stake in shares of Gartner by 50.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider's stock valued at $38,000 after purchasing an additional 98 shares during the last quarter. Corient Private Wealth LP boosted its stake in Gartner by 5.0% in the second quarter. Corient Private Wealth LP now owns 21,373 shares of the information technology services provider's stock valued at $2,770,000 after buying an additional 1,025 shares in the last quarter. HighTower Advisors LLC grew its position in Gartner by 23.4% in the second quarter. HighTower Advisors LLC now owns 169,707 shares of the information technology services provider's stock valued at $21,997,000 after acquiring an additional 32,234 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Gartner during the second quarter worth about $1,685,000. Finally, California State Teachers Retirement System lifted its holdings 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 acquiring an additional 9,746,137 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 0.1%

IT stock opened at $186.19 on Tuesday. Gartner has a fifty-two week low of $124.25 and a fifty-two week high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.65 and a beta of 0.96. The business's fifty day moving average price is $165.04 and its two-hundred day moving average price is $157.61.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results 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. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the previous year, the business posted $3.53 earnings per share. Gartner's quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities analysts anticipate that Gartner will post 14.39 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.

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