Gartner, Inc. (NYSE:IT) Receives Consensus Rating of “Hold” from Brokerages

by · The Markets Daily

Shares of Gartner, Inc. (NYSE:IT – Get Free Report) have earned an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $311.6667.

IT has been the topic of several recent research reports. Wolfe Research assumed coverage on shares of Gartner in a research report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. UBS Group set a $256.00 target price on Gartner and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Truist Financial set a $300.00 price target on Gartner in a report on Wednesday, November 26th. The Goldman Sachs Group reduced their price target on Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, BMO Capital Markets lowered their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 5th.

View Our Latest Research Report on Gartner

Insider Buying and Selling

In other Gartner news, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total transaction of $50,505.40. Following the transaction, the senior vice president owned 3,046 shares of the company’s stock, valued at $699,270.22. The trade was a 6.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 367 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the sale, the executive vice president directly owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

Institutional investors and hedge funds have recently bought and sold shares of the business. Addison Advisors LLC purchased a new stake in shares of Gartner during the second quarter worth about $27,000. Ransom Advisory Ltd bought a new position in Gartner in the 1st quarter worth approximately $29,000. True Wealth Design LLC grew its holdings in Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Gartner during the 2nd quarter valued at approximately $47,000. Finally, Versant Capital Management Inc raised its position in shares of Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 167 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 0.8%

IT stock opened at $232.64 on Friday. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 20.41 and a beta of 1.08. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50-day moving average is $237.64 and its two-hundred day moving average is $295.27. Gartner has a fifty-two week low of $222.54 and a fifty-two week high of $584.01.

Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, analysts forecast that Gartner will post 12.5 earnings per share for the current year.

About Gartner

(Get Free Report)

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.

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