Gartner (NYSE:IT – Free Report) had its price objective reduced by BMO Capital Markets from $214.00 to $206.00 in a report released on Tuesday morning, Marketbeat reports. BMO Capital Markets currently has a market perform rating on the information technology services provider’s stock.
Several other research firms have also issued reports on IT. Royal Bank Of Canada raised their price objective on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Truist Financial set a $205.00 price target on Gartner in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their price objective on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $187.30.
Get Our Latest Stock Analysis on IT
Gartner Stock Up 0.1%
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $3.53 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts anticipate that Gartner will post 14.44 EPS for the current fiscal year.
Insider Activity at Gartner
In related news, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the sale, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY bought a new stake in Gartner during the 2nd quarter valued at about $985,243,000. BlackRock Inc. bought a new position in Gartner in the 2nd quarter worth about $676,246,000. Capital International Investors grew its stake in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares in the last quarter. State Street Corp increased its position in shares of Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares during the period. Finally, Independent Franchise Partners LLP increased its position in shares of Gartner by 3.5% during 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 acquiring an additional 112,439 shares during the period. 91.51% of the stock is currently owned by institutional investors.
About Gartner
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.
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