Gartner’s (IT) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Gartner (NYSE:IT)‘s stock had its “sector perform” rating restated by analysts at Royal Bank Of Canada in a note issued to investors on Tuesday, Benzinga reports. They presently have a $198.00 price objective on the information technology services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 9.42% from the company’s current price.

A number of other brokerages have also issued reports on IT. The Goldman Sachs Group raised their price target on Gartner from $162.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Gartner from $150.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday. Truist Financial set a $205.00 price target on Gartner in a report on Wednesday, August 5th. Zacks Research downgraded Gartner from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Morgan Stanley lifted their price target on Gartner from $177.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 8th. Two 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 data from MarketBeat, the company has an average rating of “Hold” and an average target price of $198.50.

Gartner Stock Performance

Shares of IT stock traded up $10.88 during mid-day trading on Tuesday, reaching $218.60. 716,925 shares of the company’s stock traded hands, compared to its average volume of 1,454,809. Gartner has a 12 month low of $124.25 and a 12 month high of $261.10. The firm has a 50 day moving average price of $189.01 and a two-hundred day moving average price of $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 capitalization of $13.80 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 0.77 and a beta of 0.98.

Gartner (NYSE:IT) last issued its quarterly earnings data 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. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts forecast that Gartner will post 14.39 EPS for the current year.

Insider Transactions at Gartner

In related news, Director Anne Fuchs sold 860 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total value of $158,498.00. Following the completion of the sale, the director owned 8,097 shares in the company, valued at $1,492,277.10. This represents a 9.60% decrease in their position. The transaction 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 transaction of $141,211.00. Following 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 6,043 shares of company stock worth $1,172,858. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bell Investment Advisors Inc increased its holdings 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 purchasing an additional 74 shares during the last quarter. Elevation Wealth Partners LLC bought a new stake in shares of Gartner in the 3rd quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Gartner during the first quarter worth $34,000. Basecamp Wealth Advisors LLC raised its holdings in shares of Gartner by 107.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 236 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 122 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Gartner by 50.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 293 shares of the information technology services provider’s stock worth $38,000 after buying an additional 98 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.