Gartner, Inc. (NYSE:IT) Receives $176.70 Average PT from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been given an average recommendation of “Hold” by the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $176.70.

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Morgan Stanley lowered their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Barclays lowered their target price 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. Finally, Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th.

Institutional Investors Weigh In On Gartner

Institutional investors and hedge funds have recently made changes to their positions in the business. Moran Wealth Management LLC bought a new stake in shares of Gartner in the fourth quarter valued at approximately $3,516,000. CWM LLC raised its position in shares of Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. raised its position in shares of Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after purchasing an additional 13,493 shares during the period. Allianz Asset Management GmbH raised its position in shares of Gartner by 28.9% in the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares during the period. Finally, Madison Asset Management LLC raised its position in shares of Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

IT stock opened at $164.09 on Friday. The stock has a market capitalization of $10.99 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company’s 50-day moving average is $155.37 and its 200-day moving average is $187.87. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. Gartner has a 1 year low of $139.18 and a 1 year high of $430.19.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $2.98 EPS. The business’s 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 expect that Gartner will post 13.7 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.