Gartner, Inc. (NYSE:IT) Receives $190.70 Consensus PT from Brokerages

Shares of Gartner, Inc. (NYSE:IT) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $190.70.

IT has been the topic of several recent analyst reports. Morgan Stanley dropped their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. UBS Group set a $180.00 target price on shares of Gartner in a report on Wednesday, February 4th. Wells Fargo & Company cut their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Barclays reduced their price objective on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $240.00 target price on Gartner in a research note on Wednesday, February 4th.

Insider Buying and Selling at Gartner

In related news, SVP John J. Rinello sold 220 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the transaction, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. The trade was a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several large investors have recently added to or reduced their stakes in IT. Addison Advisors LLC purchased a new stake in Gartner in the 2nd quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC purchased a new stake in shares of Gartner in the fourth quarter worth $25,000. Rakuten Securities Inc. boosted its stake in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares during the period. Finally, Entrust Financial LLC bought a new stake in Gartner during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 2.0%

IT opened at $153.80 on Friday. Gartner has a fifty-two week low of $139.18 and a fifty-two week high of $507.79. The firm has a market capitalization of $10.84 billion, a PE ratio of 15.94, a P/E/G ratio of 1.54 and a beta of 1.06. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $216.59 and its 200 day moving average is $232.96.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $5.45 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, research analysts predict that Gartner will post 12.5 earnings per share for the current fiscal year.

Gartner Company Profile

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.