Gartner (NYSE:IT) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Gartner (NYSE:IT) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other brokerages also recently commented on IT. Morgan Stanley set a $177.00 price target on shares of Gartner in a 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. Royal Bank Of Canada upped their price objective on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Finally, BMO Capital Markets cut their target price on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $188.50.

Gartner Trading Down 1.5%

Shares of IT opened at $184.91 on Monday. The stock has a market capitalization of $11.68 billion, a PE ratio of 16.58, a P/E/G ratio of 0.71 and a beta of 0.98. The company’s fifty day moving average is $184.57 and its 200 day moving average is $161.24. 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 has a fifty-two week low of $124.25 and a fifty-two week high of $261.10.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating 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 business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business earned $3.53 earnings per share. Gartner’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts expect that Gartner will post 14.39 earnings per share for the current fiscal year.

Insider Activity

In other Gartner news, EVP Akhil Jain sold 700 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares of the company’s stock, valued at $1,640,064.90. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robin B. Kranich sold 3,278 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total value of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares of the company’s stock, valued at $4,000,347. This trade represents a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

A number of institutional investors and hedge funds have recently modified their holdings of the business. 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 worth $27,000 after purchasing an additional 74 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Gartner during the first quarter worth $34,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Gartner by 107.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after purchasing an additional 122 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Gartner by 50.3% during the second quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 98 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Gartner in the second quarter worth about $51,000. 91.51% of the stock is owned by institutional investors.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides business leaders with insights, analysis and guidance on technology, digital transformation and related business strategies. The company serves organizations across industries, including corporations, government agencies and technology providers.

Gartner’s offerings include subscription-based research, consulting services, benchmarking and measurement tools, executive programs, and conferences and other events. Its research covers areas such as information technology, cybersecurity, cloud computing, artificial intelligence, data and analytics, human resources, finance, supply chains and customer experience.

Founded in 1979 by Gideon Gartner, the company has expanded its operations internationally and serves clients across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.