Gartner, Inc. (NYSE:IT – Get Free Report) gapped up prior to trading on Thursday. The stock had previously closed at $186.54, but opened at $196.19. Gartner shares last traded at $199.78, with a volume of 101,028 shares changing hands.
Analysts Set New Price Targets
Several research analysts recently commented on IT shares. Truist Financial set a $205.00 target price on shares of Gartner in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price target on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Finally, UBS Group restated a “neutral” rating and issued a $196.00 price objective on shares of Gartner in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Gartner presently has a consensus rating of “Hold” and a consensus price target of $187.30.
Read Our Latest Analysis on Gartner
Gartner Trading Up 3.8%
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts expect that Gartner, Inc. will post 14.39 EPS for the current fiscal year.
Insiders Place Their Bets
In other Gartner news, Director Anne Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the completion of the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,043 shares of company stock worth $1,172,858. Company insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On Gartner
Hedge funds have recently bought and sold shares of the stock. Bell Investment Advisors Inc grew its position in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Gartner during the first quarter worth approximately $34,000. Basecamp Wealth Advisors LLC lifted its holdings in Gartner by 107.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 122 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Gartner by 50.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 98 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new stake in Gartner in the 2nd quarter valued at $51,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.
About Gartner
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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