Gartner, Inc. (NYSE:IT) Receives Average Rating of “Hold” from Brokerages

Shares of Gartner, Inc. (NYSE:IT) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $176.70.

A number of equities analysts recently issued reports on IT shares. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Royal Bank Of Canada decreased their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Barclays reduced their price target 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. Morgan Stanley decreased their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th.

Gartner Trading Up 0.1%

NYSE:IT opened at $164.85 on Friday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. Gartner has a one year low of $139.18 and a one year high of $430.19. The business’s 50-day simple moving average is $155.09 and its 200 day simple moving average is $188.04. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Gartner (NYSE:IT) last announced its quarterly earnings data 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 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts predict that Gartner will post 13.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gartner

Large investors have recently modified their holdings of the stock. Physician Wealth Advisors Inc. boosted its stake in shares of Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. DV Equities LLC bought a new stake in shares of Gartner during the 4th quarter worth $25,000. Rakuten Securities Inc. boosted its stake in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner during the 4th quarter worth $26,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of Gartner in the fourth quarter worth $28,000. 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.