Gartner (NYSE:IT) Shares Down 5% - Here's Why

Key Points

• Gartner shares fell 5% to about $185.74 in Friday trading, on volume far below the stock’s average daily activity.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $187.30. Recent targets range from $150 at Wells Fargo to $205 at Truist Financial.
• Gartner exceeded quarterly expectations, reporting $4.37 in earnings per share versus a $3.76 estimate and $1.68 billion in revenue, though revenue declined 0.6% year over year; insiders have also sold more than $1.17 million of stock over the past three months.

Gartner, Inc. (NYSE:IT - Get Free Report)'s stock price was down 5% during trading on Friday . The company traded as low as $184.84 and last traded at $185.7370. Approximately 86,106 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,539,191 shares. The stock had previously closed at $195.46.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of analyst reports. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Truist Financial set a $205.00 price target on shares of Gartner in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on shares of Gartner from $120.00 to $150.00 and gave the company an "underweight" rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $187.30.

Gartner Stock Performance

The firm's 50 day simple moving average is $162.96 and its 200 day simple moving average is $157.21. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.64 and a beta of 0.96. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts forecast that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, Director Anne Fuchs sold 860 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director owned 8,097 shares of the company's stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Kranich sold 3,278 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president owned 20,358 shares of the company's stock, valued at $4,000,347. This represents a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,043 shares of company stock worth $1,172,858 over the last three months. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gartner

Large investors have recently modified their holdings of the company. DV Equities LLC acquired a new stake in shares of Gartner in the 4th quarter valued at approximately $25,000. Entrust Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth $26,000. Bell Investment Advisors Inc increased its stake in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. Elyxium Wealth LLC purchased a new position in Gartner during the fourth quarter worth about $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Gartner in the 1st quarter worth $34,000. 91.51% of the stock is owned by institutional investors and hedge funds.

About Gartner

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company's offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.

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