Gartner, Inc. (NYSE:IT) Stock Has Consensus Price Target of $187.30

Gartner, Inc. (NYSE:IT) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $188.50.

IT has been the topic of a number of recent research reports. 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 note on Tuesday, August 18th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. Morgan Stanley set a $177.00 price target on shares of Gartner in a report on Wednesday, August 5th. UBS Group upped their price objective on Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Royal Bank Of Canada boosted their price target on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 700 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $201.73, for a total transaction of $141,211.00. Following the transaction, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $158,498.00. Following the sale, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. The trade was a 9.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY bought a new position in Gartner in the 2nd quarter worth $985,243,000. BlackRock Inc. bought a new position in shares of Gartner in the second quarter worth about $676,246,000. Capital International Investors raised its stake in shares of Gartner by 28.3% in 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 during the period. Independent Franchise Partners LLP lifted its position in shares of Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after buying an additional 112,439 shares in the last quarter. Finally, J. Stern & Co. LLP increased its holdings in Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Up 0.7%

Shares of Gartner stock opened at $186.20 on Friday. 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 50-day moving average of $184.98 and a 200 day moving average of $161.43. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.70 and a beta of 0.98. Gartner has a 1 year low of $124.25 and a 1 year high of $261.10.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company earned $3.53 earnings per share. The business’s 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 anticipate that Gartner will post 14.39 earnings per share for the current fiscal year.

About Gartner

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.