Gartner, Inc. (NYSE:IT) Stock Has Consensus Price Target of $198.50 According to Analysts

Gartner, Inc. (NYSE:IT) has received an average recommendation of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $198.50.

Several analysts recently weighed in on IT shares. Morgan Stanley upped their price objective on Gartner from $177.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 8th. Zacks Research lowered Gartner from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. BMO Capital Markets lifted their target price on Gartner from $206.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Weiss Ratings downgraded Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $198.00 target price on shares of Gartner in a report on Tuesday, October 20th.

Gartner Stock Performance

IT opened at $228.17 on Wednesday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. Gartner has a 52-week low of $124.25 and a 52-week high of $256.89. The firm has a market cap of $14.41 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98. The business’s fifty day moving average is $196.25 and its 200-day moving average is $170.19.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The business had revenue of $1.68 billion for 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%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Sell-side analysts expect that Gartner will post 14.39 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In related news, EVP Akhil Jain sold 700 shares of the stock in a transaction on 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 directly 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne Fuchs sold 860 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,043 shares of company stock worth $1,172,858 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Provenance Wealth Advisors LLC acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $36,000. Hiddenite Capital Partners LP acquired a new position in shares of Gartner during the 3rd quarter valued at $11,192,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Gartner during the 3rd quarter valued at $3,174,000. Vise Technologies Inc. lifted its position in shares of Gartner by 59.7% during the 3rd quarter. Vise Technologies Inc. now owns 5,184 shares of the information technology services provider’s stock valued at $967,000 after acquiring an additional 1,937 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Gartner by 30.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 16,900 shares of the information technology services provider’s stock worth $3,153,000 after acquiring an additional 3,900 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

About Gartner

Gartner, Inc is a global research and advisory company that provides information, analysis and guidance to business leaders, technology professionals and public-sector organizations. Its work focuses on helping clients evaluate technology markets, develop business strategies, manage risk and make decisions about digital transformation and other organizational priorities.

The company delivers its services through research and advisory programs, consulting engagements, executive guidance and conferences.