Gartner, Inc. (NYSE:IT) Given Average Rating of “Hold” by Analysts

Gartner, Inc. (NYSE:IT) has received an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given 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 $190.70.

IT has been the subject of several recent analyst reports. Robert W. Baird set a $240.00 target price on Gartner in a research note on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 target price on shares of Gartner in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research report on Wednesday, February 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Finally, Barclays dropped their price objective on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th.

Insiders Place Their Bets

In related news, Director Stephen G. Pagliuca acquired 43,300 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the purchase, the director directly owned 111,613 shares of the company’s stock, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John J. Rinello sold 220 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.57, for a total transaction of $50,505.40. Following the transaction, the senior vice president directly owned 3,046 shares in the company, valued at approximately $699,270.22. This represents a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its holdings in 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 acquiring an additional 59 shares in the last quarter. DV Equities LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in Gartner in the 4th quarter valued at $26,000. Finally, Addison Advisors LLC bought a new stake in Gartner during the 2nd quarter valued at $27,000. 91.51% of the stock is owned by institutional investors.

Gartner Trading Up 1.6%

Shares of IT stock opened at $147.33 on Friday. The stock has a 50 day simple moving average of $212.57 and a 200 day simple moving average of $231.79. The stock has a market cap of $10.38 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.45 and a beta of 1.06. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner has a 1 year low of $139.18 and a 1 year high of $507.79.

Gartner (NYSE:IT) last issued its quarterly earnings results 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. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.Gartner’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, 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.