Analysts Set Gartner, Inc. (NYSE:IT) Price Target at $187.30

Gartner, Inc. (NYSE:IT) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $187.30.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their target price 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 target price on Gartner in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Truist Financial set a $205.00 target price on Gartner in a report on Wednesday, August 5th.

Gartner Price Performance

Shares of NYSE:IT opened at $170.42 on Tuesday. Gartner has a one year low of $124.25 and a one year high of $265.85. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $167.29 and a 200-day simple moving average of $157.90. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.64 and a beta of 0.96.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. The firm 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 was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts predict that Gartner will post 14.39 EPS for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was 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 in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin Kranich sold 3,278 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total transaction of $644,127.00. Following the sale, the executive vice president owned 20,358 shares of the company’s stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 6,043 shares of company stock valued at $1,172,858. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Several hedge funds have recently modified their holdings of IT. Brighton Jones LLC bought a new stake in shares of Gartner during the fourth quarter worth $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner in the second quarter worth $336,000. Cresset Asset Management LLC increased its holdings in shares of Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. increased its stake in shares of Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after acquiring an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after buying an additional 50,251 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

About Gartner

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.