Gartner, Inc. (NYSE:IT) Stock Has Average Price Target of $187.30 According to Brokerages

Key Points

• Analysts maintain a consensus “Hold” rating on Gartner, with 6 hold, 2 sell, 2 buy and 1 strong-buy recommendations. The average 12-month price target is $187.30, close to the stock’s recent $185.05 price.
• Gartner exceeded quarterly expectations, reporting $4.37 EPS versus the $3.76 consensus and $1.68 billion in revenue versus estimates of $1.65 billion, although revenue declined 0.6% year over year.
• Institutional investors own 91.51% of Gartner, while insiders have sold 6,043 shares worth approximately $1.17 million over the past 90 days.

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) have received a consensus rating of "Hold" from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $187.30.

Several research analysts have recently issued reports on the company. BMO Capital Markets decreased their price target on Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a research note on Tuesday, August 18th. Truist Financial set a $205.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research report on Wednesday, August 5th. Finally, Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th.

Insider Activity at Gartner

In related news, EVP Robin Kranich sold 3,278 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares in the company, valued at $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,043 shares of company stock worth $1,172,858 over the last ninety days. Insiders own 2.60% of the company's stock.

Institutional Trading of Gartner

A number of hedge funds and other institutional investors have recently modified their holdings of IT. Bamco Inc. NY purchased a new position in shares of Gartner during the second quarter valued at $985,243,000. BlackRock Inc. purchased a new stake in Gartner in the 2nd quarter worth about $676,246,000. J. Stern & Co. LLP lifted its stake in Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider's stock worth $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Bank of America Corp DE acquired a new stake in Gartner during the 2nd quarter worth about $117,661,000. Finally, Capital International Investors boosted its position in Gartner by 28.3% during 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 acquiring an additional 884,250 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of NYSE IT opened at $185.05 on Friday. 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 stock has a 50 day simple moving average of $183.19 and a 200-day simple moving average of $160.86. The company has a market cap of $11.69 billion, a PE ratio of 16.60, a P/E/G ratio of 0.73 and a beta of 0.98. Gartner has a 12-month low of $124.25 and a 12-month high of $261.84.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data 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 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%.The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner will post 14.39 EPS for the current year.

About Gartner

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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