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

Key Points

• Gartner, Inc. has received a consensus recommendation of "Hold" from twelve brokerages, with one sell rating, seven hold ratings, and four buy ratings.
• The average 1-year price target among analysts for Gartner's stock is $351.20, although different firms have set varying price objectives.
• Recent insider activity includes Director Jose M. Gutierrez purchasing 417 shares, increasing his position by 25.08%, while SVP John J. Rinello sold shares, decreasing his stake by 3.15%.

Gartner, Inc. (NYSE:IT - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twelve research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $351.20.

IT has been the topic of several research reports. Truist Financial initiated coverage on shares of Gartner in a research note on Thursday. They issued a "buy" rating and a $300.00 price objective on the stock. Wolfe Research initiated coverage on shares of Gartner in a research note on Wednesday, September 3rd. They issued a "peer perform" rating on the stock. UBS Group upped their price objective on shares of Gartner from $270.00 to $280.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. BMO Capital Markets dropped their price objective on shares of Gartner from $409.00 to $272.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Finally, Royal Bank Of Canada initiated coverage on shares of Gartner in a research note on Tuesday, September 9th. They issued a "sector perform" rating and a $263.00 price objective on the stock.

Insider Activity at Gartner

In other Gartner news, Director Jose M. Gutierrez purchased 417 shares of the company's stock in a transaction dated Monday, August 18th. The shares were bought at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the purchase, the director directly owned 2,080 shares in the company, valued at $498,784. This trade represents a 25.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John J. Rinello sold 105 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president owned 3,225 shares in the company, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IT. Norges Bank acquired a new position in shares of Gartner during the 2nd quarter worth $394,133,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Gartner by 692.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider's stock worth $447,751,000 after purchasing an additional 932,077 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Gartner by 304.5% during the 2nd quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider's stock worth $266,860,000 after purchasing an additional 496,957 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in shares of Gartner by 71.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider's stock worth $469,507,000 after purchasing an additional 485,188 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Gartner by 150.6% during the 3rd quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider's stock worth $187,230,000 after purchasing an additional 428,089 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Down 0.2%

Shares of NYSE:IT opened at $235.63 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $17.85 billion, a PE ratio of 14.50 and a beta of 1.20. Gartner has a 52 week low of $223.65 and a 52 week high of $584.01. The firm has a 50 day simple moving average of $247.30 and a 200 day simple moving average of $345.25.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.38 by $0.15. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.22 EPS. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, research analysts expect that Gartner will post 12.5 earnings per share for the current year.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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