Gartner (NYSE:IT) Shares Up 5.2% – Still a Buy?

Gartner, Inc. (NYSE:IT)’s share price traded up 5.2% on Monday . The company traded as high as $191.85 and last traded at $188.9430. 131,930 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,527,100 shares. The stock had previously closed at $179.59.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their target price on shares of Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group reissued a “neutral” rating and set a $196.00 target price on shares of Gartner in a research report on Thursday, September 10th. Morgan Stanley set a $177.00 price target on Gartner in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $187.30.

Gartner Price Performance

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. The company’s 50-day moving average is $170.49 and its 200-day moving average is $158.82.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $3.53 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities research analysts expect that Gartner, Inc. will post 14.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the company’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 directly owned 6,208 shares in the company, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anne Fuchs sold 860 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the transaction, the director owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 6,043 shares of company stock worth $1,172,858 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently made changes to their positions in IT. Tidal Investments LLC boosted its position in Gartner by 14.0% in the second quarter. Tidal Investments LLC now owns 23,389 shares of the information technology services provider’s stock valued at $3,032,000 after buying an additional 2,870 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Gartner in the second quarter valued at approximately $2,695,000. Triad Investment Management raised its stake in shares of Gartner by 29.4% in the second quarter. Triad Investment Management now owns 30,530 shares of the information technology services provider’s stock valued at $3,957,000 after acquiring an additional 6,928 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Gartner by 2,257.8% in the 2nd quarter. Engineers Gate Manager LP now owns 73,091 shares of the information technology services provider’s stock worth $9,474,000 after acquiring an additional 69,991 shares in the last quarter. Finally, Waverly Advisors LLC boosted its holdings in shares of Gartner by 12.8% in the 2nd quarter. Waverly Advisors LLC now owns 4,181 shares of the information technology services provider’s stock worth $542,000 after acquiring an additional 474 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Gartner

Gartner, Inc (NYSE: IT) is a global research and advisory company that provides independent insights, practical guidance and tools to help organizations make decisions about technology, business strategy and operations. Its clients include businesses, government agencies and other institutions across a wide range of industries and geographies.

The company’s primary offerings include subscription-based research, analyst advice, benchmarking data, consulting services and executive programs.