Gartner (NYSE:IT) Stock Gets Price Target Bump from BMO Capital Markets

by · The Markets Daily

Gartner (NYSE:IT – Get Free Report) had its price objective increased by BMO Capital Markets from $206.00 to $212.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the information technology services provider’s stock. BMO Capital Markets’ price target points to a potential upside of 6.58% from the stock’s current price.

Several other equities analysts also recently commented on the company. The Goldman Sachs Group upped 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. Truist Financial set a $205.00 target price on Gartner in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Zacks Research cut shares of Gartner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Royal Bank Of Canada upped their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $189.60.

Read Our Latest Report on IT

Gartner Trading Up 2.5%

Shares of NYSE:IT traded up $4.80 during trading hours on Tuesday, hitting $198.90. 219,839 shares of the company’s stock traded hands, compared to its average volume of 1,467,818. Gartner has a 1 year low of $124.25 and a 1 year high of $261.10. The business has a fifty day moving average price of $187.48 and a 200-day moving average price of $162.17. The firm has a market capitalization of $12.56 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 0.72 and a beta of 0.98. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88.

Gartner (NYSE:IT – Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $3.53 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts expect that Gartner will post 14.39 earnings per share for the current year.

Insider Transactions at Gartner

In related news, EVP Robin Kranich sold 3,278 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $196.50, for a total value of $644,127.00. Following the transaction, the executive vice president owned 20,358 shares of the company’s stock, valued at $4,000,347. This represents a 13.87% 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 Akhil Jain sold 700 shares of the firm’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 transaction, the executive vice president owned 8,130 shares in the company, valued at $1,640,064.90. The trade was a 7.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,043 shares of company stock worth $1,172,858 in the last ninety days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gartner

Several institutional investors have recently made changes to their positions in the company. Bamco Inc. NY bought a new position in Gartner during the 2nd quarter worth about $985,243,000. Independent Franchise Partners LLP increased its position in Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after purchasing an additional 112,439 shares during the period. BlackRock Inc. purchased a new position in Gartner during the 2nd quarter valued at about $676,246,000. J. Stern & Co. LLP raised its holdings in shares of Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after purchasing an additional 1,518,333 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Gartner by 60.1% in the 1st quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after purchasing an additional 290,499 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

About Gartner

(Get Free Report)

Gartner, Inc is a global research and advisory firm that provides business leaders with insights, analysis and guidance on technology, digital transformation and related business strategies. The company serves organizations across industries, including corporations, government agencies and technology providers.

Gartner’s offerings include subscription-based research, consulting services, benchmarking and measurement tools, executive programs, and conferences and other events. Its research covers areas such as information technology, cybersecurity, cloud computing, artificial intelligence, data and analytics, human resources, finance, supply chains and customer experience.

Founded in 1979 by Gideon Gartner, the company has expanded its operations internationally and serves clients across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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