Gartner (NYSE:IT) Reaches New 52-Week Low – Here’s What Happened

Gartner, Inc. (NYSE:IT)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $137.52 and last traded at $141.0530, with a volume of 63030 shares changing hands. The stock had previously closed at $142.24.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IT. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. UBS Group dropped their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday. Barclays reduced their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Morgan Stanley decreased their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus price target of $176.10.

Gartner Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The company has a market cap of $9.39 billion, a price-to-earnings ratio of 13.85, a P/E/G ratio of 0.78 and a beta of 0.94. The company has a 50 day moving average price of $154.46 and a 200-day moving average price of $183.71.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last 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, Inc. will post 13.7 EPS for the current fiscal year.

Institutional Trading of Gartner

Institutional investors have recently added to or reduced their stakes in the stock. Independent Franchise Partners LLP acquired a new stake in Gartner during the third quarter worth approximately $840,166,000. Capital International Investors acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $820,113,000. J. Stern & Co. LLP increased its stake in shares of Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Norges Bank bought a new stake in Gartner in the fourth quarter valued at $299,576,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Gartner by 108,812.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares during the period. 91.51% of the stock is currently owned by institutional investors.

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.