Gartner (NYSE:IT) EVP Akhil Jain Sells 700 Shares of Stock

Gartner, Inc. (NYSE:IT) 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 sale, the executive vice president owned 8,130 shares of the company’s stock, valued at approximately $1,640,064.90. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Gartner Stock Down 1.4%

NYSE IT traded down $2.79 on Wednesday, reaching $193.00. The stock had a trading volume of 1,181,384 shares, compared to its average volume of 1,572,548. The business has a 50 day moving average price of $153.81 and a 200 day moving average price of $155.40. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.70 and a beta of 0.94.

Gartner (NYSE:IT) last issued its 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 company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $3.53 EPS. The business’s revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, analysts forecast that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Gartner

Institutional investors have recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its holdings in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares during the period. DV Equities LLC bought a new position in Gartner in the 4th quarter worth $25,000. Entrust Financial LLC bought a new position in Gartner in the 4th quarter worth $26,000. Bell Investment Advisors Inc lifted its position in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Gartner during the 4th quarter worth $28,000. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IT. Morgan Stanley set a $177.00 target price on shares of Gartner in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. BMO Capital Markets cut their target price on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a report on Tuesday, August 18th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $187.30.

About Gartner

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.