Gartner (NYSE:IT) Shares Down 4.8% – Here’s What Happened

Gartner, Inc. (NYSE:IT)’s share price was down 4.8% on Thursday . The company traded as low as $148.94 and last traded at $147.5420. Approximately 160,420 shares were traded during trading, a decline of 90% from the average daily volume of 1,593,156 shares. The stock had previously closed at $154.91.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IT. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Wells Fargo & Company cut their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Morgan Stanley decreased their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research note on Tuesday, May 5th. Finally, Barclays reduced their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.10.

Gartner Stock Performance

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’s 50-day simple moving average is $155.07 and its two-hundred day simple moving average is $185.30. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.82 and a beta of 0.94.

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 the consensus estimate of $1.51 billion. During the same period last year, the business posted $2.98 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Institutional Investors Weigh In On Gartner

Several hedge funds have recently modified their holdings of the business. Moran Wealth Management LLC acquired a new position in shares of Gartner during the fourth quarter valued at about $3,516,000. CWM LLC grew its position in Gartner by 86.4% during the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after buying an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. grew its position in 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. Weitz Investment Management Inc. increased its stake in Gartner by 22.1% during the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after acquiring an additional 19,450 shares during the period. Finally, Barclays PLC increased its stake in Gartner by 10.6% during the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock valued at $66,380,000 after acquiring an additional 24,116 shares during the period. 91.51% of the stock is owned by institutional investors.

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.