Gartner (NYSE:IT) EVP Claire Herkes Sells 367 Shares

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. The trade was a 8.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gartner Price Performance

Shares of IT traded down $2.43 during mid-day trading on Friday, hitting $229.67. The company’s stock had a trading volume of 656,933 shares, compared to its average volume of 954,762. The firm has a 50-day simple moving average of $240.59 and a 200 day simple moving average of $302.73. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01. The firm has a market capitalization of $16.55 billion, a P/E ratio of 20.15 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.35. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. Analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IT. Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Wells Fargo & Company decreased their price target on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 5th. UBS Group set a $256.00 price target on Gartner and gave the stock a “neutral” rating in a report on Tuesday, November 25th. BMO Capital Markets reduced their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group lowered their target price on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $311.67.

Institutional Investors Weigh In On Gartner

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Gartner by 5.3% in the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after acquiring an additional 509,902 shares in the last quarter. Bamco Inc. NY raised its stake in Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after purchasing an additional 669,352 shares during the last quarter. State Street Corp lifted its holdings in Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares in the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Gartner during the 3rd quarter worth about $840,166,000. Finally, Capital International Investors purchased a new stake in shares of Gartner during the third quarter worth about $820,113,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Gartner

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.