Gartner (NYSE:IT – Get Free Report) had its price target hoisted by BMO Capital Markets from $206.00 to $212.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “market perform” rating on the information technology services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 6.58% from the stock’s current price.
A number of other equities analysts also recently issued reports on IT. Zacks Research downgraded Gartner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Wells Fargo & Company lifted their price objective on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 target price on Gartner in a report on Wednesday, August 5th. Finally, UBS Group raised their target price on Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $189.60.
Read Our Latest Report on Gartner
Gartner Stock Performance
Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings data 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 net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $3.53 earnings per share. The firm’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. Sell-side analysts predict that Gartner will post 14.39 earnings per share for the current fiscal year.
Insider Transactions at Gartner
In other news, EVP Robin Kranich sold 3,278 shares of Gartner stock in a transaction dated 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 directly owned 20,358 shares of the company’s stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares in the company, valued at $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is owned by company insiders.
Institutional Trading of Gartner
Several hedge funds have recently modified their holdings of IT. Bell Investment Advisors Inc lifted its position in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after buying an additional 74 shares during the last quarter. Elevation Wealth Partners LLC bought a new position in Gartner during the third quarter valued at $30,000. Cassaday & Co Wealth Management LLC bought a new position in Gartner during the first quarter valued at $34,000. Basecamp Wealth Advisors LLC raised its stake in shares of Gartner by 107.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Gartner by 50.3% in the second quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 98 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.
Gartner Company Profile
Gartner, Inc is a global research and advisory firm that provides business leaders with insights, analysis and guidance on technology, digital transformation and related business strategies. The company serves organizations across industries, including corporations, government agencies and technology providers.
Gartner’s offerings include subscription-based research, consulting services, benchmarking and measurement tools, executive programs, and conferences and other events. Its research covers areas such as information technology, cybersecurity, cloud computing, artificial intelligence, data and analytics, human resources, finance, supply chains and customer experience.
Founded in 1979 by Gideon Gartner, the company has expanded its operations internationally and serves clients across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
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