Gartner (NYSE:IT) Shares Climb 5.3% - What's Next?

Key Points

• Gartner shares rose 5.3% to about $188.82, near the analyst consensus target of $187.30, while trading volume was roughly 70% below average.
• Gartner beat quarterly expectations, reporting $4.37 EPS versus $3.76 forecast and $1.68 billion in revenue versus $1.65 billion expected, though revenue declined 0.6% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating, while insiders sold more than $1.17 million of stock over the past three months; institutional investors own 91.51% of shares.

Gartner, Inc. (NYSE:IT - Get Free Report)'s share price rose 5.3% on Friday. The stock traded as high as $188.40 and last traded at $188.8230. Approximately 453,306 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,511,929 shares. The stock had previously closed at $179.32.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IT shares. Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. BMO Capital Markets dropped their target price on shares of Gartner from $214.00 to $206.00 and set a "market perform" rating for the company in a report on Tuesday, August 18th. Zacks Research upgraded shares of Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price target on shares of Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $187.30.

Gartner Trading Up 4.9%

The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The business has a 50 day moving average of $177.17 and a 200 day moving average of $159.81. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned $3.53 EPS. The firm'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, research analysts forecast that Gartner, Inc. will post 14.39 earnings per share for the current fiscal year.

Insider Activity

In other Gartner news, EVP Robin Kranich sold 3,278 shares of Gartner stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the completion of the sale, the executive vice president directly owned 20,358 shares of the company's stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares of the company's stock, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,043 shares of company stock worth $1,172,858 in the last three months. 2.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Gartner

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its holdings in Gartner by 14.0% in the 2nd quarter. Tidal Investments LLC now owns 23,389 shares of the information technology services provider's stock valued at $3,032,000 after buying an additional 2,870 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Gartner in the second quarter worth approximately $2,695,000. Triad Investment Management grew its holdings in Gartner by 29.4% in the second quarter. Triad Investment Management now owns 30,530 shares of the information technology services provider's stock valued at $3,957,000 after purchasing an additional 6,928 shares during the period. Engineers Gate Manager LP grew its holdings in Gartner by 2,257.8% in the second quarter. Engineers Gate Manager LP now owns 73,091 shares of the information technology services provider's stock valued at $9,474,000 after purchasing an additional 69,991 shares during the period. Finally, Waverly Advisors LLC increased its position in Gartner by 12.8% during the second quarter. Waverly Advisors LLC now owns 4,181 shares of the information technology services provider's stock worth $542,000 after purchasing an additional 474 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Gartner

Gartner, Inc NYSE: IT is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company's primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.

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