Gartner, Inc. (NYSE:IT – Get Free Report) EVP Robin Kranich sold 3,278 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the sale, the executive vice president owned 20,358 shares of the company’s stock, valued at $4,000,347. This trade represents a 13.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Gartner Stock Down 0.1%
NYSE:IT traded down $0.25 during trading hours on Monday, hitting $198.14. 991,664 shares of the company traded hands, compared to its average volume of 1,560,995. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm’s 50-day simple moving average is $157.78 and its 200-day simple moving average is $156.24. Gartner, Inc. has a one year low of $124.25 and a one year high of $265.85. The company has a market cap of $12.51 billion, a PE ratio of 17.77, a PEG ratio of 0.68 and a beta of 0.94.
Gartner (NYSE:IT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $3.53 EPS. 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. Equities analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current year.
Institutional Investors Weigh In On Gartner
Analyst Ratings Changes
A number of brokerages have recently weighed in on IT. Weiss Ratings upgraded 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 Gartner in a research report on Wednesday, August 5th. Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wells Fargo & Company upped their price objective on Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada raised their target price on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $187.30.
View Our Latest Stock Analysis on IT
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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