Gartner (NYSE:IT) Trading Up 5.2% - Here's Why

Key Points

• Gartner shares rose 5.2% to about $188.94, briefly reaching $191.85, although trading volume was 91% below the average session volume.
• The company’s latest quarterly results exceeded expectations, with EPS of $4.37 versus the $3.76 consensus and revenue of $1.68 billion versus $1.65 billion expected. However, revenue declined 0.6% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $187.30; recent targets ranged from $164 to $205.

Gartner, Inc. (NYSE:IT - Get Free Report)'s share price was up 5.2% during trading on Monday . The stock traded as high as $191.85 and last traded at $188.9430. 131,930 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,527,100 shares. The stock had previously closed at $179.59.

Analyst Ratings Changes

IT has been the subject of a number of recent research reports. Weiss Ratings raised Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Royal Bank Of Canada upped their price target on Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 price target on Gartner in a research note on Wednesday, August 5th. Zacks Research raised Gartner from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their price objective on Gartner from $162.00 to $181.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $187.30.

Gartner Stock Performance

The company has a market capitalization of $12.17 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.68 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The company's fifty day moving average is $168.16 and its 200 day moving average is $158.14.

Gartner (NYSE:IT - Get Free Report) last issued 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 business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the previous year, the firm posted $3.53 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 14.39 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Anne Fuchs sold 860 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director directly owned 8,097 shares in the company, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,043 shares of company stock worth $1,172,858. Company insiders own 2.60% of the company's stock.

Institutional Trading of Gartner

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DV Equities LLC bought a new position in Gartner in the 4th quarter valued at $25,000. Entrust Financial LLC bought a new position in shares of Gartner in the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Gartner in the fourth quarter worth $28,000. Osterweis Capital Management Inc. purchased a new stake in shares of Gartner in the second quarter worth $48,000. Finally, Clearstead Trust LLC boosted its stake in Gartner by 351.6% during the fourth quarter. Clearstead Trust LLC now owns 140 shares of the information technology services provider's stock valued at $35,000 after buying an additional 109 shares during the period. Institutional investors own 91.51% of the company's stock.

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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