Morgan Stanley Has Lowered Expectations for Gartner (NYSE:IT) Stock Price

Gartner (NYSE:IT) had its target price dropped by research analysts at Morgan Stanley from $281.00 to $275.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 7.69% from the company’s current price.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group decreased their price target on Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Wells Fargo & Company decreased their target price on shares of Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings cut shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Barclays decreased their price objective on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Finally, Wolfe Research started coverage on shares of Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $308.11.

Gartner Trading Up 3.2%

Gartner stock traded up $8.03 during midday trading on Wednesday, hitting $255.37. 152,937 shares of the stock were exchanged, compared to its average volume of 952,903. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42. The stock’s 50-day simple moving average is $236.98 and its 200 day simple moving average is $289.12. Gartner has a fifty-two week low of $222.54 and a fifty-two week high of $584.01. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 22.40 and a beta of 1.08.

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

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 367 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the completion of the transaction, the executive vice president owned 4,074 shares in the company, valued at $943,375.44. The trade was a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen G. Pagliuca acquired 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the purchase, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This represents a 63.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently bought and sold shares of IT. Independent Franchise Partners LLP acquired a new position in shares of Gartner during the third quarter worth about $840,166,000. Capital International Investors purchased a new position in Gartner in the third quarter worth approximately $820,113,000. Norges Bank purchased a new position in Gartner in the second quarter worth approximately $394,133,000. T. Rowe Price Investment Management Inc. grew its holdings in Gartner by 692.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after acquiring an additional 932,077 shares in the last quarter. Finally, Bamco Inc. NY increased its position in shares of 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. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.