Gartner (NYSE:IT) Shares Gap Up – Here’s What Happened

Shares of Gartner, Inc. (NYSE:IT) gapped up prior to trading on Friday . The stock had previously closed at $140.65, but opened at $145.07. Gartner shares last traded at $144.5490, with a volume of 127,199 shares traded.

Trending Headlines about Gartner

Here are the key news stories impacting Gartner this week:

• Negative Sentiment: Several firms, including Faruqi & Faruqi, Rosen, Glancy Prongay Wolke & Rotter, Pomerantz, Bernstein Liebhard, the Schall Law Firm, and others, published deadline reminders for the same Gartner securities class action, increasing attention on legal risk and possible liability. Article Title
• Neutral Sentiment: A Seeking Alpha commentary piece argued that AI is unlikely to replace the entire information services industry and rated Gartner as a “hold,” but this was more of a sector/valuation view than a direct company catalyst. Article Title
• Neutral Sentiment: An industry article on European cloud sovereignty mentioned Gartner in passing, but it does not appear to be a meaningful stock-moving catalyst for the company. Article Title

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IT shares. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research report on Tuesday, May 5th. Royal Bank Of Canada dropped their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. UBS Group increased their target price on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial lowered their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Robert W. Baird set a $240.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $176.70.

Gartner Trading Up 2.9%

The firm’s fifty day simple moving average is $155.52 and its 200 day simple moving average is $196.20. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $9.69 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 0.79 and a beta of 0.91.

Gartner (NYSE:IT) last issued 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. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $2.98 EPS. The company’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. As a group, equities research analysts forecast that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in Gartner during the 4th quarter worth $309,000. Sivia Capital Partners LLC bought a new stake in Gartner during the 2nd quarter worth approximately $336,000. Cresset Asset Management LLC increased its stake 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 buying an additional 191 shares during the period. Sei Investments Co. increased its stake in shares of Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after buying an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $38,523,000 after buying an additional 50,251 shares during the period. 91.51% of the stock is 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.