Insider Selling: Gartner (NYSE:IT) EVP Sells $644,127.00 in Stock

Gartner, Inc. (NYSE:IT) EVP Robin Kranich sold 3,278 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the sale, the executive vice president directly owned 20,358 shares of the company’s stock, valued at $4,000,347. This represents a 13.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Gartner Stock Performance

Shares of IT stock traded down $0.25 during trading hours on Monday, reaching $198.14. 991,664 shares of the company traded hands, compared to its average volume of 1,560,995. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $12.51 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.68 and a beta of 0.94. The firm has a 50-day moving average price of $157.78 and a 200 day moving average price of $156.24.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $3.53 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. BMO Capital Markets dropped their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 price target on shares of Gartner in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $187.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC boosted its position in shares of Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after buying an additional 47 shares during the period. Horizon Investments LLC lifted its holdings in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after buying an additional 51 shares during the period. Brown Brothers Harriman & Co. grew its stake in Gartner by 5.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Gartner by 8.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock worth $212,000 after acquiring an additional 68 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its position in shares of Gartner by 3.5% during the second quarter. Mufg Securities Americas Inc. now owns 2,017 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 68 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.