Gartner, Inc. (NYSE:IT) Receives Average Rating of “Hold” from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $174.10.

A number of analysts recently weighed in on the company. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday. UBS Group decreased their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Barclays decreased their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Finally, Morgan Stanley decreased their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th.

Gartner Stock Performance

NYSE IT opened at $130.68 on Thursday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.71 and a beta of 0.94. Gartner has a twelve month low of $124.25 and a twelve month high of $409.76. The stock has a fifty day simple moving average of $151.95 and a 200 day simple moving average of $179.40. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts expect that Gartner will post 13.65 EPS for the current year.

Institutional Trading of Gartner

Several large investors have recently made changes to their positions in IT. Brighton Jones LLC acquired a new stake in shares of Gartner in the 4th quarter valued at about $309,000. Sivia Capital Partners LLC acquired a new stake in shares of Gartner in the 2nd quarter valued at about $336,000. Cresset Asset Management LLC grew its stake 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 valued at $585,000 after buying an additional 191 shares during the period. Sei Investments Co. grew its stake 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 valued at $36,867,000 after buying an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake 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 valued at $38,523,000 after buying an additional 50,251 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Gartner

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.