Insider Selling: Gartner (NYSE:IT) EVP Sells $229,022.30 in Stock

Gartner, Inc. (NYSE:IT) 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 of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Gartner Price Performance

Shares of NYSE:IT opened at $181.06 on Friday. The company’s fifty day moving average price is $148.05 and its 200 day moving average price is $156.36. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $11.43 billion, a P/E ratio of 16.24, a P/E/G ratio of 0.61 and a beta of 0.94.

Gartner (NYSE:IT) last announced its quarterly earnings results 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. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. Gartner’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 14.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IT. Royal Bank Of Canada raised their price target on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group increased their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Truist Financial set a $205.00 price target on shares of Gartner in a research report on Wednesday, August 5th. Finally, Morgan Stanley set a $177.00 price target on shares of Gartner in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $185.50.

Institutional Trading of Gartner

A number of hedge funds have recently added to or reduced their stakes in IT. Brighton Jones LLC acquired a new position in shares of Gartner in the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC acquired a new stake in shares of Gartner during the second quarter worth $336,000. Cresset Asset Management LLC lifted its holdings in shares of Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. grew its position in Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after buying an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Gartner by 111.5% in 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. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Company Profile

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.