Gartner (NYSE:IT) Hits New 1-Year Low Following Analyst Downgrade

Gartner, Inc. (NYSE:IT)’s share price reached a new 52-week low during mid-day trading on Wednesday after Truist Financial lowered their price target on the stock from $300.00 to $170.00. Truist Financial currently has a buy rating on the stock. Gartner traded as low as $139.18 and last traded at $159.3590, with a volume of 7310498 shares trading hands. The stock had previously closed at $202.40.

Several other research analysts have also issued reports on IT. Royal Bank Of Canada set a $175.00 target price on Gartner in a research report on Wednesday. Barclays cut their target price on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday. William Blair reiterated an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Morgan Stanley lowered their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.70.

Insider Transactions at Gartner

In other Gartner news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director owned 111,613 shares of the company’s stock, valued at approximately $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the completion of the transaction, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings in Gartner by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after buying an additional 31 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Gartner by 2.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 34 shares during the period. Apollon Wealth Management LLC increased its stake in Gartner by 4.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock valued at $390,000 after purchasing an additional 39 shares in the last quarter. Phoenix Financial Ltd. increased its stake in Gartner by 5.4% in the 2nd quarter. Phoenix Financial Ltd. now owns 806 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 41 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Gartner by 12.3% during the second quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock worth $165,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $11.27 billion, a PE ratio of 16.20 and a beta of 1.06. The stock has a 50-day simple moving average of $231.12 and a 200 day simple moving average of $246.30.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 83.48% and a net margin of 11.22%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the business posted $5.45 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal 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.