Gartner, Inc. (NYSE:IT) Receives $173.10 Consensus PT from Brokerages

Gartner, Inc. (NYSE:IT) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $173.10.

Several equities analysts have recently commented on the stock. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Morgan Stanley cut their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Wells Fargo & Company reduced their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th.

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner in the second quarter valued at $336,000. Cresset Asset Management LLC grew its holdings in shares of Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares in the last quarter. Sei Investments Co. increased its position in Gartner by 9.2% in the second 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 last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Gartner by 111.5% in the second 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 last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 1.8%

Shares of IT opened at $132.39 on Monday. The business’s 50 day moving average is $145.10 and its 200 day moving average is $163.99. The company has a market capitalization of $8.86 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97. Gartner has a 12-month low of $124.25 and a 12-month high of $360.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

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, topping the consensus estimate of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $2.98 EPS. The firm’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. Research analysts expect that Gartner will post 13.61 earnings per share 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.