Gartner, Inc. (NYSE:IT) Given Average Recommendation of “Hold” by Analysts

Gartner, Inc. (NYSE:IT) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $176.70.

A number of research firms have weighed in on IT. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a report on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Wells Fargo & Company dropped their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. Finally, Morgan Stanley dropped their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IT. Brighton Jones LLC acquired a new position in shares of Gartner in the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner in the 2nd quarter worth approximately $336,000. Cresset Asset Management LLC lifted its position in shares of Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the period. Sei Investments Co. lifted its position in shares of Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Gartner by 111.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Up 0.8%

IT opened at $162.45 on Friday. Gartner has a fifty-two week low of $139.18 and a fifty-two week high of $437.84. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $10.88 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.89 and a beta of 0.91. The company’s 50 day moving average price is $154.16 and its two-hundred day moving average price is $190.02.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $2.98 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, research analysts predict that Gartner will post 13.7 earnings per share for the current year.

Gartner Company Profile

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.