Gartner, Inc. (NYSE:IT) Stock Has Consensus Price Target of $198.50

Gartner, Inc. (NYSE:IT) has been given an average rating of “Reduce” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $198.50.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target 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 boosted their price target on shares of Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. BMO Capital Markets raised their target price on shares of Gartner from $206.00 to $212.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $198.00 price target on shares of Gartner in a report on Tuesday, October 20th. Finally, Morgan Stanley upped their price objective on shares of Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a report on Thursday, October 8th.

Insiders Place Their Bets

In other Gartner news, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $201.73, for a total transaction of $141,211.00. Following the completion of the transaction, the executive vice president owned 8,130 shares in the company, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robin Kranich sold 3,278 shares of the firm’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 completion of the transaction, the executive vice president directly owned 20,358 shares in the company, valued at $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,043 shares of company stock valued at $1,172,858 over the last 90 days. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC lifted its stake in Gartner by 1.7% in the third quarter. Robertson Stephens Wealth Management LLC now owns 3,061 shares of the information technology services provider’s stock worth $571,000 after acquiring an additional 52 shares during the period. 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. Empirical Finance LLC raised its position in Gartner by 2.9% during the second quarter. Empirical Finance LLC now owns 2,774 shares of the information technology services provider’s stock valued at $360,000 after acquiring an additional 77 shares in the last quarter. Syon Capital LLC grew its holdings in shares of Gartner by 5.3% during the second quarter. Syon Capital LLC now owns 1,623 shares of the information technology services provider’s stock worth $210,000 after buying an additional 82 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Gartner by 50.3% in the 2nd 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 last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $228.17 on Wednesday. The stock’s fifty day moving average is $196.25 and its two-hundred day moving average is $170.19. Gartner has a fifty-two week low of $124.25 and a fifty-two week high of $256.89. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $14.41 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 0.86 and a beta of 0.92.

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

About Gartner

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.