Gartner, Inc. (NYSE:IT - Get Free Report) 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 completion of the sale, the executive vice president owned 20,358 shares of the company's stock, valued at approximately $4,000,347. The trade was a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Gartner Trading Down 0.1%
Shares of IT stock opened at $198.14 on Tuesday. The stock has a market cap of $12.51 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a 50 day simple moving average of $159.23 and a 200 day simple moving average of $156.51.
Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Gartner
A number of institutional investors have recently added to or reduced their stakes in the stock. DV Equities LLC bought a new position in Gartner in the 4th quarter valued at approximately $25,000. Entrust Financial LLC bought a new stake in shares of Gartner during the fourth quarter worth $26,000. Bell Investment Advisors Inc increased its holdings in shares of Gartner by 75.5% during the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider's stock worth $27,000 after buying an additional 74 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of Gartner during the fourth quarter worth $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of Gartner in the 1st quarter valued at $34,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Weiss Ratings upgraded Gartner from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, August 13th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Gartner from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. BMO Capital Markets decreased their target price on shares of Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada boosted their target price on shares of Gartner from $160.00 to $164.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $187.30.
View Our Latest Research Report on IT
Gartner Company Profile
(
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Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.
The company's offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.
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