Analysts Set Gartner, Inc. (NYSE:IT) Target Price at $369.25

Key Points

• Gartner, Inc. received an average rating of "Hold" from eight brokerages, with one sell rating, four hold ratings, and three buy ratings.
• The average 1-year target price for Gartner's stock is $369.25, reflecting significant downward revisions from several analysts in recent reports.
• Gartner recently reported a net margin of 19.71% for the quarter, with revenue increasing by 5.7% year-over-year and earnings per share surpassing estimates.

Gartner, Inc. (NYSE:IT - Get Free Report) has been assigned a consensus rating of "Hold" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $369.25.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Wells Fargo & Company dropped their target price on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a report on Wednesday, August 6th. Barclays dropped their target price on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. UBS Group reaffirmed a "neutral" rating and issued a $270.00 target price (down previously from $480.00) on shares of Gartner in a report on Wednesday, August 6th. Finally, Morgan Stanley reduced their price objective on shares of Gartner from $455.00 to $322.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th.

Insider Activity at Gartner

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

Institutional Investors Weigh In On Gartner

Institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC increased its position in Gartner by 1.8% in the second quarter. Orion Porfolio Solutions LLC now owns 24,357 shares of the information technology services provider's stock worth $9,846,000 after purchasing an additional 433 shares during the last quarter. State of Wyoming bought a new stake in Gartner in the second quarter worth $231,000. Caxton Associates LLP increased its position in Gartner by 171.3% in the second quarter. Caxton Associates LLP now owns 16,402 shares of the information technology services provider's stock worth $6,630,000 after purchasing an additional 10,356 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Gartner in the second quarter worth $83,000. Finally, FORA Capital LLC bought a new stake in Gartner in the second quarter worth $969,000. Institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Gartner stock traded up $3.34 during midday trading on Friday, hitting $251.07. The stock had a trading volume of 920,018 shares, compared to its average volume of 1,865,579. Gartner has a 52-week low of $223.65 and a 52-week high of $584.01. The company has a market capitalization of $19.02 billion, a PE ratio of 15.45 and a beta of 1.19. The firm's fifty day moving average is $323.74 and its two-hundred day moving average is $397.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61.

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