Gartner (NYSE:IT) Trading 5.2% Higher – Still a Buy?

Gartner, Inc. (NYSE:IT)’s stock price rose 5.2% on Monday . The stock traded as high as $191.85 and last traded at $188.9430. 131,930 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,527,100 shares. The stock had previously closed at $179.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. UBS Group reiterated a “neutral” rating and set a $196.00 price target on shares of Gartner in a research report on Thursday. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. 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 note on Wednesday, August 5th. Finally, Truist Financial set a $205.00 price target on shares of Gartner in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $187.30.

Gartner Stock Up 7.3%

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 stock has a 50-day simple moving average of $168.16 and a two-hundred day simple moving average of $158.14. The firm has a market cap of $12.17 billion, a PE ratio of 17.27, a P/E/G ratio of 0.68 and a beta of 0.96.

Gartner (NYSE:IT) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts expect that Gartner, Inc. will post 14.39 earnings per share for the current year.

Insider Transactions at Gartner

In other Gartner news, Director Anne Fuchs sold 860 shares of Gartner stock in a transaction that occurred 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 transaction, the director directly owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the transaction, the executive vice president directly owned 6,208 shares in the company, valued at $1,179,892.48. This trade represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IT. Brighton Jones LLC purchased a new stake in Gartner during the 4th quarter valued at about $309,000. Sivia Capital Partners LLC bought a new stake in Gartner in the second quarter valued at approximately $336,000. Cresset Asset Management LLC lifted its position in 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 last quarter. Sei Investments Co. boosted its stake in shares of Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after purchasing an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Gartner by 111.5% during the second 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 purchasing an additional 50,251 shares during the period. 91.51% of the stock is owned by institutional investors.

Gartner Company Profile

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.