Gartner (NYSE:IT) Shares Climb 5.3% – What’s Next?

Shares of Gartner, Inc. (NYSE:IT) were up 5.3% during trading on Friday. The company traded as high as $188.40 and last traded at $188.8230. Approximately 453,306 shares were traded during trading, a decline of 70% from the average daily volume of 1,511,929 shares. The stock had previously closed at $179.32.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research report on Tuesday, August 18th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. The Goldman Sachs Group increased their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. UBS Group restated a “neutral” rating and set a $196.00 target price on shares of Gartner in a report on Thursday, September 10th. Finally, Wells Fargo & Company upped their price target on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $187.30.

Gartner Stock Up 4.9%

The stock has a market capitalization of $11.88 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The firm has a 50-day moving average of $177.17 and a 200 day moving average of $159.81. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 14.39 earnings per share for the current year.

Insider Activity

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares of the company’s stock, valued at $1,179,892.48. This represents a 16.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anne Fuchs sold 860 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,043 shares of company stock valued at $1,172,858 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IT. Bamco Inc. NY acquired a new stake in Gartner during the 2nd quarter valued at approximately $985,243,000. BlackRock Inc. purchased a new position in shares of Gartner during the 2nd quarter valued at approximately $676,246,000. Capital International Investors grew its position in shares of Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after buying an additional 884,250 shares in the last quarter. Independent Franchise Partners LLP increased its stake in shares of Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after buying an additional 112,439 shares during the last quarter. Finally, J. Stern & Co. LLP increased its stake in shares of Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after buying an additional 1,518,333 shares during the last quarter. Institutional investors and hedge funds 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.