Gartner (NYSE:IT) Cut to “Sell (D+)” at Weiss Ratings

Weiss Ratings lowered shares of Gartner (NYSE:IT) from a hold (c-) rating to a sell (d+) rating in a research report report published on Saturday,Weiss Ratings reports.

Several other equities research analysts also recently issued reports on the stock. Barclays set a $270.00 price objective on shares of Gartner and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada assumed coverage on shares of Gartner in a research report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective for the company. UBS Group increased their price objective on shares of Gartner from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Morgan Stanley set a $307.00 price objective on shares of Gartner in a research report on Monday, October 13th. Finally, Wolfe Research assumed coverage on shares of Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating for the company. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $346.20.

Gartner Stock Performance

NYSE IT opened at $255.75 on Friday. The stock has a market cap of $19.37 billion, a P/E ratio of 15.74 and a beta of 1.20. The company’s 50-day simple moving average is $249.06 and its 200 day simple moving average is $338.54. Gartner has a twelve month low of $223.65 and a twelve month high of $584.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.15. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the firm earned $3.22 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, research analysts forecast that Gartner will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, Director Jose M. Gutierrez purchased 417 shares of the business’s stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the purchase, the director directly owned 2,080 shares in the company, valued at $498,784. The trade was a 25.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Rinello sold 105 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total transaction of $26,219.55. Following the completion of the sale, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Gartner by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,572,283 shares of the information technology services provider’s stock worth $3,869,308,000 after buying an additional 138,834 shares during the last quarter. State Street Corp lifted its stake in shares of Gartner by 2.9% during the 2nd quarter. State Street Corp now owns 3,413,397 shares of the information technology services provider’s stock worth $1,379,763,000 after buying an additional 96,172 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Gartner by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,258,233 shares of the information technology services provider’s stock worth $910,481,000 after buying an additional 89,877 shares during the last quarter. Generation Investment Management LLP lifted its stake in shares of Gartner by 16.5% during the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after buying an additional 189,514 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after acquiring an additional 211,842 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.