Gartner (NYSE:IT) Stock Rating Reaffirmed as “Sector Perform” by 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 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 objective would suggest a potential downside of 15.39% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Wells Fargo & Company increased their target price on Gartner from $150.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday. Weiss Ratings upgraded Gartner from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 9th. Truist Financial set a $205.00 price target on Gartner in a research note on Wednesday, August 5th. Morgan Stanley boosted their target price on Gartner from $177.00 to $182.00 and gave the stock an “equal weight” rating in a report on Thursday, October 8th. Finally, UBS Group raised their price target on shares of Gartner from $196.00 to $208.00 and gave the company a “neutral” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $198.50.

Gartner Stock Up 6.6%

IT opened at $234.01 on Tuesday. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.83 and a beta of 0.98. Gartner has a 12 month low of $124.25 and a 12 month high of $257.69. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50-day moving average of $191.49 and a two-hundred day moving average of $165.24.

Gartner (NYSE:IT) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (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 firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm 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, research analysts expect that Gartner will post 14.39 earnings per share for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 700 shares of Gartner stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several large investors have recently added to or reduced their stakes in IT. Bamco Inc. NY acquired a new stake in shares of Gartner in the 2nd quarter worth about $985,243,000. BlackRock Inc. acquired a new position in Gartner during the 2nd quarter valued at about $676,246,000. Bank of America Corp DE boosted its stake in Gartner by 60.1% during 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 during the period. Madison Asset Management LLC bought a new position in Gartner in the 2nd quarter worth about $74,481,000. Finally, Bollard Group LLC grew its position in Gartner by 35.1% in the 1st quarter. Bollard Group LLC now owns 364,462 shares of the information technology services provider’s stock worth $57,709,000 after purchasing an additional 94,718 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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.