Gartner, Inc. (NYSE:IT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Gartner, Inc. has received a consensus rating of "Hold" from analysts, with one sell rating, six hold ratings, and three buy ratings assigned by ten brokerages.
• Recent price target adjustments include a reduction by Wells Fargo from $345 to $225, and a target decrease by Morgan Stanley from $455 to $322.
• The company reported a 5.7% increase in quarterly revenue year-over-year, achieving $3.53 EPS against an expected $3.38 EPS.

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) have been assigned an average recommendation of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $357.4444.

A number of analysts have recently weighed in on IT shares. Wells Fargo & Company lowered their price objective on Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley lowered their price target on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Wolfe Research initiated coverage on Gartner in a research report on Wednesday, September 3rd. They set a "peer perform" rating for the company. The Goldman Sachs Group lowered their price target on Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Finally, UBS Group reaffirmed a "neutral" rating and set a $270.00 price target (down previously from $480.00) on shares of Gartner in a research report on Wednesday, August 6th.

Gartner Trading Up 1.7%

Shares of NYSE IT opened at $260.69 on Tuesday. 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 business's 50 day moving average price is $276.26 and its 200-day moving average price is $368.93. Gartner has a fifty-two week low of $223.65 and a fifty-two week high of $584.01. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 16.04 and a beta of 1.20.

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

Insider Transactions at Gartner

In related news, SVP John J. Rinello sold 105 shares of Gartner stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president owned 3,225 shares in the company, valued at $805,314.75. The trade was a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jose M. Gutierrez purchased 417 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $239.80 per share, with a total value of $99,996.60. Following the purchase, the director owned 2,080 shares in the company, valued at $498,784. This represents a 25.08% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Gartner

Institutional investors have recently bought and sold shares of the company. Addison Advisors LLC acquired a new position in Gartner in the second quarter valued at approximately $27,000. Ransom Advisory Ltd acquired a new position in Gartner in the first quarter valued at approximately $29,000. Olde Wealth Management LLC acquired a new position in Gartner in the first quarter valued at approximately $42,000. GW&K Investment Management LLC raised its position in Gartner by 210.8% in the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock valued at $48,000 after purchasing an additional 78 shares during the period. Finally, Chilton Capital Management LLC purchased a new stake in Gartner in the second quarter valued at approximately $47,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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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