Gartner (NYSE:IT) Given Sector Perform Rating at Royal Bank Of Canada

Gartner (NYSE:IT)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank Of Canada in a research note issued on Tuesday, Benzinga reports. They presently have a $198.00 price target on the information technology services provider’s stock. Royal Bank Of Canada’s price target would indicate a potential downside of 8.04% from the stock’s current price.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their price objective on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research cut Gartner from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BMO Capital Markets increased their price objective on Gartner from $206.00 to $212.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 13th. Truist Financial set a $205.00 target price on Gartner in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $175.00 price target (up from $150.00) on shares of Gartner in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $195.50.

Gartner Stock Performance

Gartner stock traded up $7.60 during mid-day trading on Tuesday, reaching $215.32. 58,324 shares of the company were exchanged, compared to its average volume of 1,451,696. Gartner has a twelve month low of $124.25 and a twelve month high of $261.10. The firm’s 50-day simple moving average is $189.01 and its two-hundred day simple moving average is $163.81. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $13.60 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm earned $3.53 EPS. The firm’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 predict that Gartner will post 14.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Anne Fuchs sold 860 shares of the firm’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 sale, the director owned 8,097 shares in the company, valued at $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the sale, the executive vice president owned 6,208 shares in the company, valued at $1,179,892.48. This trade represents a 16.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gartner

Hedge funds have recently made changes to their positions in the business. Abel Hall LLC purchased a new stake in shares of Gartner during the third quarter worth about $205,000. Kaufman Rossin Wealth LLC purchased a new stake in shares of Gartner during the third quarter worth about $212,000. IFP Advisors Inc increased its position in shares of Gartner by 39.8% during the third quarter. IFP Advisors Inc now owns 2,987 shares of the information technology services provider’s stock worth $557,000 after acquiring an additional 851 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in shares of Gartner by 1.7% during the third quarter. Robertson Stephens Wealth Management LLC now owns 3,061 shares of the information technology services provider’s stock worth $571,000 after acquiring an additional 52 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Gartner by 8.6% during the third quarter. V Square Quantitative Management LLC now owns 2,116 shares of the information technology services provider’s stock worth $395,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.