Gartner, Inc. (NYSE:IT) Receives $174.10 Consensus PT from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Two 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 twelve-month price target among brokers that have covered the stock in the last year is $174.10.

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company dropped their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Morgan Stanley reduced their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th.

Institutional Investors Weigh In On Gartner

Several institutional investors have recently added to or reduced their stakes in IT. Physician Wealth Advisors Inc. boosted its position in Gartner by 143.9% during the fourth 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 during the last quarter. DV Equities LLC acquired a new position in Gartner in the 4th quarter valued at about $25,000. Rakuten Securities Inc. grew its position in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC bought a new position in Gartner during the 4th quarter worth $26,000. Finally, Bell Investment Advisors Inc raised its stake in Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

Gartner stock opened at $133.88 on Thursday. Gartner has a fifty-two week low of $124.25 and a fifty-two week high of $407.23. The firm’s 50 day simple moving average is $149.76 and its 200-day simple moving average is $175.94. 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 company has a market cap of $8.96 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 0.71 and a beta of 0.97.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts predict that Gartner will post 13.65 EPS for the current year.

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.