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

Shares of Gartner, Inc. (NYSE:IT) have earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two 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 brokerages that have issued a report on the stock in the last year is $173.10.

Several equities analysts have recently issued reports on IT shares. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. Morgan Stanley lowered their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Wells Fargo & Company cut their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Finally, Barclays lowered their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th.

Gartner Trading Up 0.2%

Shares of Gartner stock opened at $140.45 on Monday. 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 fifty day moving average price of $145.97 and a 200 day moving average price of $166.46. Gartner has a 1 year low of $124.25 and a 1 year high of $361.20. The stock has a market cap of $9.40 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.97.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $2.98 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts predict that Gartner will post 13.61 earnings per share for the current year.

Institutional Investors Weigh In On Gartner

A number of institutional investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. increased its stake in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. DV Equities LLC purchased a new position in Gartner during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. boosted its position in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc grew its holdings in Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.