Gartner (NYSE:IT) Shares Up 14.3% After Strong Earnings

Gartner, Inc. (NYSE:IT)’s stock price was up 14.3% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $173.74 and last traded at $173.2290. 271,594 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,557,725 shares. The stock had previously closed at $151.53.

The information technology services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.53 EPS. Gartner has set its FY 2026 guidance at 14.000- EPS.

Trending Headlines about Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner reported second-quarter adjusted EPS of $4.37, well above the consensus estimate of $3.76–$3.77 and up from $3.53 a year earlier. Revenue of approximately $1.68 billion also exceeded the $1.65 billion analyst estimate. Gartner Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised or reaffirmed fiscal 2026 EPS guidance at at least $14.00, above the $13.69 consensus forecast. The stronger outlook improves earnings visibility and is a key catalyst for investors.
• Positive Sentiment: Gartner repurchased 3.6 million shares for $547 million during the quarter, while its board added $500 million to the remaining buyback authorization. Reduced share count and increased capital returns could support per-share earnings and valuation. Gartner Highlights Strong Q2 Earnings and Buyback Expansion
• Neutral Sentiment: Contract value increased 1.7% year over year and 0.3% sequentially on an FX-neutral basis, indicating steady demand but relatively limited acceleration.
• Negative Sentiment: Quarterly revenue declined 0.6% year over year to $1.676 billion. While the figure beat expectations, the decline highlights ongoing growth challenges and may limit upside if demand does not improve.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Barclays dropped their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. UBS Group cut their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research note on Tuesday, May 5th. Finally, Morgan Stanley dropped their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average price target of $173.10.

Institutional Investors Weigh In On Gartner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IT. Moran Wealth Management LLC acquired a new stake in Gartner in the 4th quarter valued at about $3,516,000. CWM LLC boosted its stake in shares of Gartner by 86.4% in the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after buying an additional 26,734 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Gartner by 111.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after buying an additional 13,493 shares in the last quarter. Laurus Global Equity Management Inc. grew its position in shares of Gartner by 135.0% during the fourth quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock worth $8,643,000 after buying an additional 19,680 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of Gartner by 67.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 200,418 shares of the information technology services provider’s stock worth $50,561,000 after buying an additional 80,591 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

The stock’s 50 day moving average is $144.44 and its two-hundred day moving average is $158.78. The stock has a market capitalization of $11.57 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

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.