Gartner (NYSE:IT) Stock Rating Reaffirmed as Sector Perform by Royal Bank Of Canada

Gartner (NYSE:IT)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a report issued on Tuesday, Benzinga reports. They currently have a $198.00 target price on the information technology services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 7.39% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley upped their price objective on Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. UBS Group upped their price objective on shares of Gartner from $196.00 to $208.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. Weiss Ratings raised shares of Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $195.50.

Gartner Trading Up 2.9%

Gartner stock opened at $213.80 on Tuesday. The business has a 50 day moving average price of $189.01 and a two-hundred day moving average price of $163.81. 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 market cap of $13.50 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98. Gartner has a 12 month low of $124.25 and a 12 month high of $261.10.

Gartner (NYSE:IT) last announced 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. Gartner had a return on equity of 525.46% and a net margin of 11.99%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $3.53 EPS. Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, equities analysts forecast that Gartner will post 14.39 EPS for the current year.

Insider Transactions at Gartner

In other Gartner news, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 700 shares of the business’s 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 sale, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. The trade was a 7.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 6,043 shares of company stock worth $1,172,858 in the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Several institutional investors and hedge funds have recently added to or reduced their stakes in IT. Bell Investment Advisors Inc lifted its holdings in 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 buying an additional 74 shares during the period. Elevation Wealth Partners LLC acquired a new stake in Gartner during the 3rd quarter worth $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in Gartner during the 1st quarter worth $34,000. Basecamp Wealth Advisors LLC raised its position in shares of Gartner by 107.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 122 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Gartner by 50.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock valued at $38,000 after acquiring an additional 98 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

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.