Gartner (NYSE:IT) Stock Keeps “Sector Perform” Rating at 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 presently have a $198.00 target price on the information technology services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 8.39% from the company’s current price.

A number of other equities analysts have also commented on the stock. UBS Group raised their price objective on shares of Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Morgan Stanley raised their price objective on shares of Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 8th. BMO Capital Markets raised their price objective on shares of Gartner from $206.00 to $212.00 and gave the company a “market perform” rating in a research report on Tuesday, October 13th. Weiss Ratings upgraded shares of Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Finally, Wells Fargo & Company lifted their target price on shares of Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $198.50.

Gartner Price Performance

Shares of IT stock traded up $8.42 during trading hours on Tuesday, reaching $216.14. The stock had a trading volume of 421,422 shares, compared to its average volume of 1,453,210. The stock’s fifty day simple moving average is $189.01 and its 200 day simple moving average is $163.81. 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 has a 12 month low of $124.25 and a 12 month high of $261.10. The firm has a market capitalization of $13.65 billion, a PE ratio of 19.38, a PEG ratio of 0.77 and a beta of 0.98.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $3.53 earnings per share. Gartner’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, equities research analysts predict that Gartner will post 14.39 EPS for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Robin Kranich sold 3,278 shares of Gartner stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $196.50, for a total transaction of $644,127.00. Following the transaction, the executive vice president directly owned 20,358 shares of the company’s stock, valued at approximately $4,000,347. This trade represents a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne Fuchs sold 860 shares of Gartner stock in a transaction that occurred 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 directly 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,043 shares of company stock valued at $1,172,858. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IT. Bamco Inc. NY bought a new position in Gartner in the 2nd quarter worth about $985,243,000. BlackRock Inc. bought a new position in Gartner in the 2nd quarter worth about $676,246,000. Bank of America Corp DE bought a new position in Gartner in the 2nd quarter worth about $117,661,000. Madison Asset Management LLC bought a new position in Gartner in the 2nd quarter worth about $74,481,000. Finally, Bank of New York Mellon Corp bought a new position in Gartner in the 2nd quarter worth about $51,262,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Company Profile

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.