Gartner (NYSE:IT) Sets New 12-Month Low – Here’s Why

Gartner, Inc. (NYSE:IT)’s stock price hit a new 52-week low during mid-day trading 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.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IT shares. Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Barclays reduced their price objective 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. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. UBS Group lowered their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Finally, Morgan Stanley reduced their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. 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. According to MarketBeat, the stock presently has an average 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 firm has a market capitalization of $8.55 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.74 and a beta of 0.94. The stock’s 50 day moving average price is $153.58 and its two-hundred day moving average price is $182.29.

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, topping 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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $2.98 earnings per share. Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Analysts anticipate that Gartner, Inc. will post 13.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in shares of Gartner by 21.6% in the 1st quarter. NewEdge Advisors LLC now owns 4,155 shares of the information technology services provider’s stock valued at $658,000 after buying an additional 738 shares in the last quarter. Financial Solutions Advisory Group Inc. acquired a new stake in Gartner in the first quarter valued at approximately $295,000. Bank of America Corp DE lifted its stake in Gartner by 60.1% in the first quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider’s stock valued at $122,519,000 after acquiring an additional 290,499 shares during the last quarter. Janus Henderson Group PLC grew its position in Gartner by 5.7% in the first quarter. Janus Henderson Group PLC now owns 12,566 shares of the information technology services provider’s stock worth $1,989,000 after acquiring an additional 674 shares in the last quarter. Finally, Bull Harbor Capital LLC bought a new stake in Gartner in the first quarter worth approximately $789,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.