Gartner (NYSE:IT) Stock Price Up 4.7% – Still a Buy?

Gartner, Inc. (NYSE:IT) traded up 4.7% during mid-day trading on Tuesday . The company traded as high as $162.99 and last traded at $162.7360. 117,824 shares were traded during trading, a decline of 92% from the average session volume of 1,570,780 shares. The stock had previously closed at $155.43.

Analysts Set New Price Targets

Several brokerages have recently commented on IT. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Barclays decreased their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. UBS Group raised their price target on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Finally, Morgan Stanley cut their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Trading Up 0.9%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company has a market capitalization of $10.50 billion, a P/E ratio of 15.54, a PEG ratio of 0.80 and a beta of 0.91. The business has a 50 day moving average price of $154.79 and a 200 day moving average price of $194.74.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Hedge Funds Weigh In On Gartner

Several hedge funds have recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its holdings in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. raised its stake in Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Gartner during the 4th quarter valued at $26,000. Finally, Bell Investment Advisors Inc lifted its holdings in shares of Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.